75-Year Commercial Bakery with $10M+ Revenue & Expansion Potential

Written By Morgan Tate
Image with the title 'Project Rise' in bold font with a gold line underneath. Sub-header reads '75-YEAR COMMERCIAL BAKERY | $10M+ REVENUE | RETAIL MOATS' at the bottom is a logo of Change Pilot and a title above saying 'representing M&A advisory'

Project Rise – 75-Year Commercial Bakery with $10M+ Revenue

Project Rise is a third-generation, SQF-certified commercial bakery with deep roots and national distribution. Renowned for its premium baked goods—including fruitcakes, loaf cakes, and donuts—the company maintains longstanding supply relationships with major grocery chains and has grown revenues from ~$440K in the '90s to over $10M today.

The business operates across five production, warehousing, and cold-storage sites with year-round output and robust infrastructure. A strong bench of managers and operators drives daily execution, while the retiring owners remain open to a multi-year transition.

With fresh momentum in U.S. and Caribbean export channels, this deal offers a turnkey acquisition with scalable capacity, sticky customer relationships, and national brand presence.

Note: operations are located in Canada

Key Investment Highlights

  • #1 Market Position: Leading national seller of premium baked goods

  • Blue-Chip Customers: 20+ year relationships with major retailers

  • Built to Scale: SQF-certified ops running at 50–80% of capacity

  • Sticky Revenue: Recurring wholesale sales with ~95% customer retention

  • Expansion-Ready: Active North American distribution discussions underway

  • Real Estate Included: $2.98M in appraised bakery and freezer facilities

Key Metric Value (FY2024)
Location Canada
Revenue $10.5M
Unadjusted EBITDA $1.2M
Adjusted EBITDA $446K
Gross Margin ~20%
Real Estate Appraisal Value $2.98M

Growth Opportunities

  • Expand distribution within North America through active shipping partnerships.

  • Introduce new high-margin SKUs, such as cherry and seasonal fruitcakes.

  • Optimize product mix by phasing out underperforming lines.

  • Digitize inventory, costing, and production tracking via modern ERP tools.

  • Reignite B2B lead generation with trade shows or online outreach.

Ideal Buyer Profile

This opportunity is ideal for:

  • Food & beverage groups seeking a branded, SQF-certified production platform.

  • Private equity or family offices acquiring legacy businesses with generational talent.

  • Operators with experience in food manufacturing, distribution, or retail supply chains.

Contact Information

You can contact the Deal Partner for this opportunity, Rob O’Brien, of Change Pilot using the information below:

Rob O’Brien

rob@changepilot.net

(902) 240- 5757

Next Steps

To access the Data Room (contains buyer presentation and company financials) please submit an NDA using the form below:

Morgan Tate
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