A staple in Edmonton’s Beverly neighbourhood, Take 5 is for sale.
The cafe is listed for $248,000 and, according to the listing, includes everything such as fixtures and equipment. Training would also be provided for the new owners to learn the business.
The shop has been owned by the same person since it opened who, according to the listing, is retiring.
When contacted by Global News for comment, the owner declined an interview.
While there’s no way to know for sure what will become of the business, it seems the sellers are hoping it will stay the familiar café that Edmontonians have frequented for more than four decades.
However, if it shifts focus, losing that kind of iconic business could be detrimental to the fabric of the neighbourhood, according to Heather Tomsan with the Univserity of Alberta School of Retailing.
While she was not able to speak specifically to the sale or situation surrounding Take 5, Tomsan stressed these type of iconic shops are crucial to communities.
If the store remains the familiar café Edmontonians know and love, it will be important for the new owner(s) to step back and look at what worked and what didn’t in the previous business model, Tomsan added.
“I don’t think it’s a general statement to say take it, make it your own or completely do the same things that have been done before,” she said. “Just pay attention to those little details and do your research and do your homework so you know what was a win and a hit and what was a miss – potentially — in the business before the new owners took over.”
Take 5 has been open in the Beverly neighbourhood for 41 years and is often described as one of Edmonton’s best doughnut shops. The cafe has an average four-star rating on Zomato and 4.5 stars on Yelp.
The cafe is located at 47 Street and 118 Avenue.