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Fine Dining Seafood & Steak Restaurant Since 1976 For Sale

Dollard-des-Ormeaux, Montreal, Quebec
Asking Price:
$250K - $500K (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$980,000 (CAD)
Cash Flow:
Available on request

This restaurant is a great opportunity for anyone who loves the hospitality industry because the reputation and foundation has already been established over the last 41 years.
The restaurant is equipped with movable walls and can accommodate groups of 10 to 160 people comfortably and in complete privacy. There is a tailor made, two level lobster tank that provides fresh live lobster all year long.
The business is continually growing and renovations have been made over the last couple of years as well.
Although it was a very difficult decision, the owners wish to retire and are excited to offer the opportunity to others who share in this passionate industry.
The added advantage for any new owner is the already established and highly reputable name this restaurant represents, not only in the community but in Montreal since 1976.
The restaurant boasts a longtime, loyal clientele and staff.
Ideal opportunity for a family or a group of partners with various knowledge in the industry.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

Current term ends in 2019 and has 3 more five-year options

Leasehold Rent:

$138,000 (CAD) per annum

Location:

Located in the same place since 1976, and a prime, high traffic street in a very reputable suburb of Montreal.

Size in square feet:
4,942

Business Operation

Competition / Market:

There are many restaurants in this suburb, as in all of Montreal, since this city is known for its incredible variety of restaurants, however our restaurant is the longest standing in this area at 41years and is considered a landmark in the area.

Reasons for selling:

Family run for 41years and multiple members wish to retire.

Trading hours:

Monday to Friday 11:30am to 3:00pm and 5:00pm to 10:00 or 11:00pm
Saturday 5:00pm to 11:00pm
Sunday-Closed except for special occasions and private parties

Employees:
15
Years established:
41

Other Information

Support & training:

Both Support and Training can be provided.

Inventory / Stock value:
$35,000 (CAD) - included in the asking price
Website:
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