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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$675,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Wadena Bakery is a business not only the talk of the town in the Wadena area but it is well known across Saskatchewan and Canada. Rare opportunity to purchase a business with increasing revenues year over year and more room to grow. This bakery not only offers a great turn key business but the reputation and repeat customers that will give the new owners a head start in their new venture. Sellers are willing to negotiate staying on staff as a transition period suitable to both parties. The building was a 1955 build with the last additions in 1991. The retail area offers plenty of shelving and displays, two tills, two public washrooms and a coffee nook area. Directly behind the tills there is a large prep area for the baking with all the equipment needed for the bakery. Ask Agent for the supplemental documents with the equipment list. The latest addition is a steel frame heated warehouse with a large freezer, roughed in bathroom, 10x8 overhead door, and 30X12 office/mezzanine above the freezer. Warehouse is 16’ high on sides, 17’ in center. Retail area is about 25x29, bathroom area 8x9, production area 49x29, and warehouse is about 32x29 (with freezer included in that measurement. 3-phase, and single phase power available, front portion is forced are HE natural gas with A/C, and warehouse is overhead radiant heat. One water heaters covers main area, with a smaller one feeding the washer and dryer. Metal roof, metal siding on sides and back, AND stone store front have all been upgraded since 2018. Delivery van, can be considered as a negotiation piece in the deal. (id:39198)
Location
Province
Saskatchewan
City
Wadena
Address
70 Main Street N
Postal Code
S0A4J0
Location Highlights
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Listed by
RE/MAX Blue Chip Realty Saskatchewan listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
2,378
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$675,000
Asking Price
$675,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
2,378
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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