Description

Well established for 20 years, the Pain Pain Bakery
is located on Principale Street in downtown Granby.
Over the years, this traditional bakery has made itself known to thousands
people for its quality of fresh bakery products made on site
(breads, pastries, sandwiches) but also for its diversity and complementary products,
such as cheese, cold cuts, chocolate, coffee, etc.
This reference to Granby is placed in a room full of charm also has its small terrace.
Turnkey with possible financing

GENERAL INFORMATIONS

Type of business: Bakery – Viennese pastries – Ready-to-eat – Charcuterie – Cheese – Pastry (purchased from a supplier)
Products: Natural bread made by hand with sourdough or yeast, wide variety of homemade pastries. The homemade breads (about sixty different varieties) are sugar-free, fat-free, milk-free, without additives or enzymes. Whole, natural unbleached flours.
Type of property: Sale of business – Goodwill
Reason for selling: Retirement
List of equipment available: Yes with an appraisal report of $272,700
Date, deadline for signing deed of sale and occupation: 30 days, or any other date or deadline
reasonably agreed between the parties to the transaction.
Involvement of the seller after the sale: Available to achieve a perfect transmission of sound
company.
Financing conditions: Free assistance with the financial arrangement of MayDay Strategies and possible participation, possible sales balance from the seller.
Inclusions: 1° the name and the traffic; 2° all the rights and privileges related to the identification of the enterprise (telephone number, signs, advertisements, etc.); 3° all movable property, apparatus and equipment used in the operation of the Enterprise; 4° The Company’s inventory of merchandise (+/- $15,000) is included in the sale, but is not included in the above price in the event of the sale of assets. Thus, the sale price will be increased by the fair market value of said Company inventory on the effective date of the transaction, as determined between the Seller and the Buyer. But they are included in the case of a stock sale.
Exclusions: 1° accounts receivable; (2) accounts payable and debts; 3° bank accounts.

COMPANY DESCRIPTION

In operation since: October 27, 2018
Stage of development: Growth
Particularities of the company: Located in the heart of Granby on Principale Street

HUMAN RESSOURCES

Management team: a couple of owners, one in production and one in service
Number of employees: 2 full time and 10 part time

MEDIA

https://www.facebook.com/PainPainBoulangerieArtisanale/
2,483 people like it, 4.7/5*
Google Reviews: 4.6/5

MARKET

Market description: Growing market (bakery, pastry, ready-to-eat) of quality
Clientele: Family, Professional
Description of the competition: Pies and Clafoutis but they do not make bread and are more accessible to catering and pastries.
Financial situation and forecasts: Excellent
Market opportunities: Still room for local market growth. Possibility of opening on Sunday and Monday.

BUSINESS HOURS

Tuesday to Saturday: 7 a.m. to 6 p.m. Tuesday to Saturday

DESCRIPTION OF THE PREMISES

Occupant: Owner
Type: Commercial
Area: 2,000 sf on the ground floor and 1,700 sf in the basement, total 3,700 sf
Monthly rent: $4,000 /month + municipal, school and business taxes +/- $4,000 per year
Base rent/sqft: $13/sqft
Start of lease: To be defined as the renewal option
Easy street parking
Terrace: 10 seats

FINANCE

Year end date: February 28
Annual revenue: $886,770 (2021) $874,517 (2022)
Earnings before taxes (EBITDA 2021): Profit $225,091 + Depreciation of property, plant and equipment $1,939 + Interest 1,215 + 34 = $228,279
Earnings before taxes (EBITDA 2022): Profit $163,001 + Depreciation of property, plant and equipment $1,681 + Interest $1,135 = $165,817

Salary and benefits for shareholders: in addition

FUNDING

Bank name: Caisse Desjardins

MARKET RESEARCH

Population (2016): 66,222
Population change between 2011 and 2016: 4%
Population density: 433 inhabitants/km2
Unemployment rate (2016): 6%
Population by age group: Average: 44 years old, < 15 years old 16%, 15 to 24 years old 11%, 25 to 44 years old 22%, 45 to 64 years old 29%, > 65 years old 22%
Household income: Average $66,334, Less than $50,000 48%, Between $50,000 and $80,000 24%, Between $80,000 and $100,000 10%, Between $100,000 and $150,000 13%, Over 150 $000 6%
Profile of private households: Average 2.1 people, Households with 1 person 36%, Households with 2 people 37%, Households with 3 people 12%, Households with 4 people 10%, Households with 5 people and +5%
Family type: Couples without children at home 49%, Couples with children at home 34%, Single-parent families 17%
Housing occupancy: Proportion of owners 54%, Proportion of tenants 46%
Housing construction: Before 1960 21%, From 1961 to 1980 28%, From 1981 to 1990 18%, From 1991 to 2000 11%, From 2001 to 2010 16%, From 2011 to 2016 7%
Dwelling type: Detached houses 41%, Semi-detached or row houses 8%, Buildings of less than 5 stories 47%, Buildings of 5 stories or more 3%, Mobile homes 2%
Education: University 15%, College 16%, Secondary 26%, Apprentices or trades 18%, No diploma 25%
Immigration: Non-immigrant population 95%, Immigrant population 5%
Languages ​​spoken: French 96%, English 2%, Other languages ​​2%

VISITS

Appointment preferences: Evening​
Discretion requested​

 
Stanislas Didier
Founding President
Canada : +1 514 618-9165
France : 07 66 37 69 66
[email protected]
Benjamin Espaze
Real Estate Broker
RE/MAX L’ESPACE
514 581-9116
Stéphane Long
Real Estate Broker
BluuGlass Real Estate
+1-450-522-3588
[email protected]

Address

  • City Estrie, Granby
  • Province Quebec
  • Area Estrie
  • Country Canada

Details

Updated on May 5, 2023 at 8:39 pm
  • Category: Bakery
  • Property Status: ***SOLD***

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