Message Number93533
statusActive
Subject LineToronto, West of "GTA", Bakery, net income $ 1.8 million asking price $ 10 million. Over 20 years old business and could be tripled. Owner 80 years old.
Business area
Canada
Ontario
Greater Toronto area
Toronto
Location, CityToronto west (GTA)
Have/WantHave
Business categoryCommercial Buildings/Hotels/Motels
Business Opportunities
Date of ListingJanuary 26 2004
Type DescriptionBakery
LocationG T A
Price$10,000,000.00
Building Area Comment26,000 Sf.
Site area1.5 acres
ZoningIndustrial
Gross Income5.2 million
Expenses3.3 million
Net Income1.9 million
Cap Rate 18 %
LoansAvailable
Comments*** Same owner for over 20 years, presently the production covers one shift "from 7.00 am to 3.00pm" Monday to Friday. the plant is at 40 % capacity. Therefore, the production could be almost trippled. Major clients are well known supermarket's chain. The US. market could be added to the Canadian market*** Presently the production is (40 % Muffin Mix., 10 % Baked products, 40 % frozen Yeast Doughs and 10 % Frozen Cookie Butter) ***

*** 80 years old owner, time to retire but could be a valuable consultant/adviser for the Buyer.

*** The proprety could be sold separately at market value.

*** Training and owner assistance will be provided at the Buyer's request.
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All about Toronto
Client SituationOff Management
Clients ObjectiveRetire/Passive
Explain Client's MotivationTime to retire
Broker's RecommendationGood opportunity to grow
ControlExclusive
NameTony Habbaky
TitleBroker
Company NameIPRO REALTY Ltd., Brokerage
Address Line OneE101 1396 DON MILLS RD
CityToronto
State/ProvinceOntario
Zip/Postal CodeM3B 3N1
CountryCanada
Business Phone Number(416)364-4776
Cell Number416 - 722 9500
Home Number416 - 722 9500
Email AddressSend Email