#8 420 Hazeldean Road, Ottawa - Business for Sale
#8 420 Hazeldean Road, Ottawa, Ontario, K2L4B2
This business in Ottawa is for sale. It has been on the market 49 days, fresher than the Ottawa average of 63 days.
Description
Rare opportunity to acquire a long-established bakery and food business with nearly four decades of history, strong brand recognition and approximately $1.1 million in annual gross sales. Founded in 1988 in Hull, Quebec, the business became a staple within the local Portuguese community, particularly known for its traditional Portuguese bread, pastries and authentic Portuguese foods. Over the years, the business built a loyal following that extended well beyond the Portuguese community. Today, the bakery continues that tradition from its established Ottawa west-end location, combining traditional Portuguese baking, café and prepared-food operations. Loyal, multi-generational customer base; fully equipped commercial bakery and production kitchen; extensive commercial equipment included; sales across bakery, café, sandwiches, hot food and take-home meals; established supplier relationships and operating systems; strong Ottawa-Gatineau customer following; turnkey operation with significant infrastructure already in place. For an experienced bakery, restaurant or food-service operator, this represents an opportunity to acquire more than equipment and a lease-it is the acquisition of an established business, recognized name and brand, existing customer base and nearly four decades of operating history. Ownership is offering the business for sale as part of a planned transition into other ventures. Current owner is willing to stay on to help with the transition, train staff, demonstrate the day-to-day business, and all recipes. Financial statements, equipment lists, lease information and additional business records will be made available to qualified buyers after an NDA. Do not miss this opportunity to build upon the existing business and utilize everything it offers (id:66096)
Property Details
- MLS®
- X13792504
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- Commercial
- Bathrooms
- 1
- Frontage
- 406 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $4,379.54/yr
- Listed
- 49 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 49 days on market, against an average age of 63 days across the listings currently for sale in this city
This business in Ottawa has been listed for 49 days, which is 14 days fresher than the city average of 63. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K2L)
This home lists at $599,900, about 5.7× the local median household income of $106,000.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.
- Median household income
- $106,000
- Population
- 18,739
- Median age
- 43.2
- Owner / renter
- 83% / 17%
- Avg. household size
- 2.6
Source: Statistics Canada, 2021 Census (FSA K2L)
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$599,900
Ottawa