$ 700,000 FOOD MANUFACTURING FACILITY - Supplying T&T and PriceSmart supermarkets - BCPNP business速冻点心工厂

Well establish food production lines equipped with semi-automatic machines for making dumplings, frozen dimsums and desserts. Supplies to SaveOn, PriceSmart, and T & T supermarkets.
Building improvements done including walk-in freezers and coolers, full commercial kitchen, offices and warehouse space.
The newer equipments added to the facility since 2009 include Ford 350 refrigerated Van, automatic wonton preparation and wrapping machine, filling and forming machine, Flour mixer, Sealing machine etc.
Total current appraised value for the building improvement and equipment are over $500K. Goodwill is $500K.
Building can be purchased separately. Building current market value is $700K.
Purchaser must be financially pre-qualified.
Vendor shall provide training for the purchaser.
FOR MORE INFORMATION, please contact Philip at 604-721-7938

YEARS IN BUSINESS 20 year(s)
FLOOR AREA 3,700 sq ft.
EMPLOYEES Fulltime: owner + 3 Part time: 7 - 9
LEASE TERM 5 + 5yr
PARKING 9
ADDRESS
No. 5 Road, Richmond

ASKING PRICE $ 700,000

BUSINESS HOURS
Monday to Friday 0900 to 1700hr. Weekend as required - workers only.

YEARLY SALES
Others: $ one million plus

YEARLY OPERATING COSTS
Gross Rent: $ 48,000
Employee Wages: $ 175,000
Hydro: $ 14,000 (gas and hydro)
Insurance: $ 4,500
Phone Interac: $ 4,600
Waste Removal: $ 1,500
Security Alarm: $ 360
Others: $ 53,000 (property tax, bank, auto, office)

YEARLY EXPENSES $ 300,960

YEARLY NET INCOME over $300,000 EBITDA including benefits