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Calhoun's Bakery, Cafe & Catering (established 14 years - open 24 hours - Liquor license until 1AM) 3800 sq/ft retail store includes food display counters, coolers and spacious high ceiling restaurant licensed for 100 patrons plus a large 180 sf covered patio. Huge full size commercial kitchen with vent system and pizza oven. Sales $1.7M (50/50 split between catering and restaurant) to mostly Institutional & corporate clients incl. HSBC Bank, TD Bank, UBC Campus, Translink, Nurses Union, Business Objects etc - Catering has 3 Ford Windstar Vans, Labor costs 33% - 15 F/T & 25 P/T staff (Catering mgr salary $45K/yr, Chef salary $45K/yr, Rest. mgr $38K/yr) Lease $12000/Month (all in - include taxes, 2 years left with a 5-year option - base lease amount $7,780/mo), net income $150K. Owner retiring who presently spends 3-4 hours per day to oversee the operation, selling well below original start up cost of $750K. Lots of parking at rear, great potential for expansion. Click feature sheet for Information Package.
Additional Documents
| MLS® # | V4006068 |
|---|---|
| Business Name | CALHOUNS |
| For Sale | Yes |
| For Lease | No |
| Fin. Floor Area | 4,000 sqft |
| Total Bldg Size | N/A |
| Taxes | $ N/A / 0 |
| Total Gross Sales | $1,700,000 |
| Sale Type | Asset |
| Monthly Lease | $12,000 |
| Lease Term | 5 YEAR OPTION |
Amenities
- Outside Storage
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Site Influences
- High Traffic Area
- Retail Exposure
- Visual Exposure
Price Includes
- Equipment/Machinery
- Fixtures
- Goodwill
- Leasehold Improvements
- Sign
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