In Good Spirits Co

What In Good Spirits Co does

In Good Spirits Co is a privately held craft cocktail bar founded in 2019 by Oliver Stern (Owner & Chief Mixologist) and David Salt (Chef), operating from a single venue on the 4th floor of CIBC Square inside TABLE Food Hall at 81 Bay Street in Toronto's Financial District. The bar serves a dual customer base: walk-in consumers (primarily Financial District office workers during the after-work happy hour 7-9pm Monday-Friday, and pre-event attendees near Scotiabank Arena) and corporate/enterprise clients who book private receptions, cocktail classes, and offsite catering. The venue is Open Monday through Friday, 11am to 9pm, and is accessible indoors via the PATH walkway from Union Station in approximately five minutes.

The company's core offering is a craft cocktail program (Clover Club $20, Habanero Margarita $18, Espresso Martini $18, plus no/low cocktails $12-$14) paired with chef-driven bar food (tacos, sharing boards, hummus and focaccia, bar snacks), and a curated local beer and wine list featuring breweries such as Burdock, Eastbound, and Blood Brothers. There is no proprietary technology platform; the venue runs on physical hospitality, with marketing through an organic website, Instagram (@ingoodspiritsto), and a low-frequency email newsletter.

The business operates three revenue streams: on-site F&B transaction sales (pay-as-you-go per drink/food item), on-site private event hosting (20-120 guests including receptions, corporate events, cocktail classes for 10-40 guests, holiday parties), and offsite catering plus corporate lunch delivery across downtown Toronto. Pricing is a mix of unit pricing on the F&B menu and professional-services-style packaged offerings for events and catering. The company is founder-owned with no external funding, no parent company, no subsidiaries, and no disclosed financial performance.

Name

In Good Spirits Co

Legal name

In Good Spirits

Website

https://ingoodspirits.ca

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

In Good Spirits Co is a craft cocktail bar founded in 2019 on the 4th floor of CIBC Square in Toronto's Financial District, serving walk-in Financial District workers and corporate clients with cocktails, chef-driven bar food, private events, and catering.

Ownership category

akta.pro rank

Product category

Cocktail Bar & Hospitality

NAICS

Drinking Places (Alcoholic Beverages) (7224), Drinking Places (Alcoholic Beverages) (72241)

SIC

Retail-Eating & Drinking Places (5810), Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Cocktail Bars & Lounges (CRANACAD)

akta.pro secondary industries

Cocktail Experiences (Mixology Classes, Cocktail Tours) (THAJAGAG), Bar & Beverage Catering (Mobile Bar, Bartending) (HSACAGAF), Beverage Services (Bar Catering, Mixology, Beverage Programs) (THAHAKAJ)

Keywords

• Craft cocktails
• Cocktail bar
• Private events hosting
• Corporate event catering
• Happy hour bar

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Food and Beverage Sales: On-site food and beverage sales including craft cocktails, beer, wine, tacos, sharing boards, and bar snacks. Covers daily walk-in service Monday-Friday 11am-9pm.
2. Private Event Hosting: Revenue from hosting private receptions (20-120 guests), corporate events, cocktail classes (10-40 guests), holiday parties, and corporate lunch catering. Professional hosting services included.
3. Offsite Catering: Beverage catering, canapés, platters, and entrées delivered to offsite gatherings across downtown Toronto.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

In Good Spirits Co operates a single craft cocktail bar on the 4th floor of CIBC Square inside TABLE Food Hall in Toronto's Financial District, serving expertly crafted cocktails, beer, wine, and chef-driven bar food to walk-in guests Monday–Friday. It also offers a full private events program including private receptions (20–120 guests), corporate events, hands-on cocktail classes (10–40 guests), offsite event catering, corporate lunch delivery, and holiday parties, with weekday happy hour promotions from 7–9pm.

Product overview

In Good Spirits Co is a craft cocktail bar located on the 4th floor of CIBC Square within TABLE Food Hall in Toronto's Financial District. The company operates as a single physical venue offering two integrated product lines: its core hospitality offerings (craft cocktails and chef-driven bar food, including signature cocktails like the Clover Club and Habanero Margarita, alongside tacos, sharing boards, and bar snacks) and its events & catering services (private receptions for 20-120 guests, corporate events, hands-on cocktail classes for groups of 10-40, event catering, and corporate lunch delivery). The venue runs daily happy hour promotions Monday through Friday from 7-9pm. All offerings are available at one location and can be combined for private events, with catering extending the bar experience offsite.

Differentiator

Problem solved

Functional benefit

Products and services

• Craft Cocktails Expertly crafted signature and rotating cocktails (e.g., Clover Club $20, Habanero Margarita $18, Espresso Martini $18, plus no/low options $12–$14) served to walk-in guests and event attendees at the bar.
• Chef-Driven Bar Food Elevated bar fare including tacos ($6.50 each / $19 for three / $74 for twelve), sharing boards (Cured Meat & Cheese $48, Dip Board $35, Cheese Board $25), bar snacks from $3.50, and sweets & coffee, designed for sharing.
• Happy Hour Weekday happy hour from 7–9pm featuring daily specials: $2 off house cocktails (Mon), $12 Habanero Margaritas (Tue), half-price wine bottles (Wed), $2 off rail drinks (Thu), and $2 off draft beer (Fri); also includes $7 Houndstooth or Classic drafts and $5 bourbon/tequila shots with pints any day.
• Private Receptions Full-venue buyouts for cocktails, canapés, and grazing tables accommodating 20–120 guests, built for milestone celebrations, product launches, and client hospitality nights.
• Corporate Events Professional hosted events for team socials, off-sites, and client hospitality in a polished downtown bar setting inside CIBC Square, with professional hosting from start to last call.
• Cocktail Classes Hands-on, guided mixology sessions for groups of 10–40 guests featuring two cocktails per guest, an instructor behind the bar, and optional add-ons such as grazing boards and tacos.
• Event Catering Offsite catering delivering beverage service, canapés, platters, and entrées to corporate gatherings and private events across downtown Toronto.
• Corporate Lunch Weekday delivery of sliders, salads, boards, and focaccia for boardrooms, designed as an easy lunch answer for tenant teams in CIBC Square.
• Holiday Parties Seasonal hosting of corporate holiday parties positioned as the Financial District's preferred December event venue; bookings recommended by October for the prime December dates.

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• TABLE Food HallcoreStrategic or Co-development PartnerIn Good Spirits operates within TABLE Food Hall, a food hall venue on the 4th floor of CIBC Square. This is a co-location partnership where In Good Spirits serves as the bar component within the food hall ecosystem.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• The Drake Hotel: Long-established Toronto boutique hotel with multiple bars, restaurants, and event programming. Comparable as a Toronto hospitality brand with bar, food, and event capabilities operating at a broader scale than In Good Spirits.
• Canoe Restaurant & Bar: Established Toronto fine-dining restaurant and bar at a downtown landmark location, with strong corporate-event and private-event hosting. Comparable as a Financial District-adjacent premium venue hosting cocktail-forward corporate and private events.

Direct peers

• The Carbon Bar: Toronto cocktail bar in the downtown core with a craft cocktail program and food menu. Comparable as a Toronto-based, independent craft cocktail venue competing for after-work and event clientele.
• BarChef: Toronto craft cocktail bar known for laboratory-style mixology and creative cocktail program. Directly comparable as a Toronto-based craft cocktail venue with an event/catering-adjacent business and similar price points.
• Reyna on King: Toronto cocktail bar and lounge in the downtown core with a strong happy-hour and group-event offering. Comparable as a downtown Toronto craft cocktail venue competing for after-work and private-event spend.
• Death & Co: Multi-city craft cocktail bar brand known for serious mixology programs, training, and consulting. Comparable as a craft cocktail brand built on elevated cocktail craft and bookable private/cocktail-class programming, even though it operates in different geographies.
• Mahjong Bar: Toronto cocktail bar with a curated cocktail list and small-plate food menu. Comparable as a downtown Toronto craft cocktail venue mixing beverage program with bar food and group bookings.
• El Rey: Toronto cocktail and mezcal bar known for agave-driven cocktails and a vibrant after-work crowd. Comparable as an independent Toronto cocktail venue with a strong craft program and after-work positioning.
• Civil Works: Toronto cocktail bar with a strong event-hosting and group-booking program. Directly comparable as a Toronto craft cocktail venue targeting both walk-in and private/corporate event customers.
• Painted Lady: Boutique Toronto cocktail bar with a curated cocktail program and live-music/events component. Comparable as an independent, craft-driven Toronto cocktail venue mixing beverage program with experiential programming.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/ingoodspiritsto
• LinkedInlinkedin.com/company/in-good-spirits

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about In Good Spirits Co