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Specialty Food Products Business In Granville Island Vancouver For Sale

Vancouver, British Columbia
Asking Price:
$700,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$50K - $100K (CAD)

This unique company sells spices, herbs, and specialty foods & related products from around the world at a flagship Granville Island Public Market location, a second retail outlet in Vancouver’s hip Commercial Drive neighbourhood, and online across Canada. Established in 1987, this is the first time this business has been offered for sale. The company’s strong brand, highly regarded proprietary products, plus newly developing wholesale and retail sales channels present tremendous opportunities for growth.

If interested, please contact the seller through the form on this page. Please provide full name, Canadian address & phone contact number.

Property Information

Real Estate:

Lease

Lease Terms:

Lease expiry is December 31, 2019, but has been renewed on a continual basis for 27 years.

Lease Rent:
$91,754 (CAD) per sq ft per annum
Location:

Granville Island Public Food Market
This shopping, entertainment and cultural district set in a waterfront location in the heart of the city is beloved by locals and tourists alike, and attracts more than 10.5 million visitors a year.

Premises Details:

Beautifully designed shop full of exotic spices, herbs & specialty food ingredients from around the world.

Size in square feet:
567

Business Operation

Expansion Potential:

Online is set up, and currently producing a small percentage of the sales. The website is scaled and ready to be promoted across Canada. Wholesale and direct to restaurants offers yet more opportunities.

Competition / Market:

Other food shops are mostly country specific. The product mix is international, thus unique. The prices may be lower at other shops, but the quality of the mix of products is far superior.

Reasons for selling:

Owner retiring.

Trading hours:

7 days a week at Granville Island, 9:00 am to 7:00 pm.

Employees:
6
Years established:
32 years

Other Information

Support & training:

Limited time period support and training. A full very complete Operations Manual is available.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner may lend a small portion of the sale price in financing the sale.

Furniture / Fixtures value:
$170,000 (CAD) - included in the asking price
Inventory / Stock value:
$58,000 (CAD) - included in the asking price
Website:
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