A Mr. Puff’s food franchise in the Ottawa/Gatineau area is for sale. The business is easy to operate and has been in operation since May 2022. The owners are looking to sell in 2024 because they recently opened up another franchise location and do not have enough time to run both businesses.
The business was profitable in its first 6-months of operations but has been running at a loss ever since. It is located near a new home development, so when interest rates rose, nearby residents’ spending dropped. Increasing marketing, adding to its product offerings, and positive changes in the economy can help improve the location’s sales and profits.
Despite operating at a loss in 2024, the owner is asking for $250,000 for the business, which includes fixed assets valued at over $500,000. In addition, the cost of establishing a new Mr. Puff’s location starts at $550,000.
The store is open between 11:00 AM to 9:00 PM most days but closes early on Sundays. The food franchise for sale sells only desserts and drinks, but the location will begin piloting the sale of premade food items. The equipment for this pilot will be provided by the franchisor in 2024.
About Mr. Puff’s
The franchise was established in 2004 in Quebec and has since grown to 19 locations across North America. The franchise specializes in puffs – a friend yeast-based dough served with all-natural toppings such as hazelnut chocolate, honey and strawberry glazes. The puffs are made without any dairy products; they are egg-free, peanut-free, and soy-free and contain no preservatives, making them vegan-friendly. The store also offers a variety of decadent drinks.
Business Type: Franchise; Limited Service-Restaurant
Location: Ottawa, ON
Asking Price: $250,000
Ideal Investor Fit: An operator/operator with food-service management experience
Reason for Selling: Personal reasons
Looking to Sell: As soon as possible
Listed By: Owner