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Established + Profitable Vegetarian Restaurant In Edmonton For Sale

Edmonton, Alberta, Canada
Asking Price:
$250,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$800,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

Ready to make your dreams of owning a cute vegetarian restaurant/cafe come true?

Starting from scratch can be daunting; not to mention the price to create a cute branded, and charming cafe is steep nowadays, but you don't have to go down that route. You can go straight to earning a good living. Let us save you time, money, and headache.

This profitable restaurant has been owned and loved by two families. We are the second family and have owned it for more than 15 years! The restaurant holds about 50 seats and is a staple in Edmonton. It has a fully equipped kitchen and bar, designated parking, summer patio opportunities, and located in a walkable community close to the university and river valley. We would love to see it passed down to a local enthusiastic entrepreneurial chef, ambitious couple, or sweet family and see the business thrive and grow organically over the years.

Here are some highpoints:

1) This business actually makes good profit even during challenging times 160K-430K
2) We have seen revenues from 700K-1.4M per year over the last 10 years
3) We survived the Pandemic!
4) Opportunities to scale, diversify, or stay the same
5) Patio opportunities
6) Location!
7) Good rent with great landlords!
8) Turnkey
9) Original recipes (made from scratch!)
10) Training Included

Why are we selling?
In short, our family has gotten older, and with it comes different priorities and demands (i.e. retirement, moving to a new country). We do have an emotional connection to this lovely restaurant as it brought our family together during tragic times and have been a staple in our lives for so long. We are sad to end this chapter but excited to see how this business will flourish under new ownership.

Excited to share with you more about the restaurant. Buyers must sign non-disclosure agreement and show that you are financially a serious buyer.

Property Information

Real Estate:

Lease

Lease Terms:

5 years

Leasehold Rent:

$5,400 (CAD) per annum

Location:

on an amazing busy and walkable street close to many restaurants, shopping, residential blocks and university.

Premises Details:

The building is about 1800 sf, with outside walk-in freezer and fridge, designated parking in the back, street parking in the front, and patio opportunities. Premise has a lot of charm.

Size in square feet:
1800 sf

Business Operation

Expansion Potential:

Opportunities to expand in multiple locations, sell products in grocery store, renovate and add more seating, etc...

Competition / Market:

Not much competition nearby.

Reasons for selling:

retirement; moving

Trading hours:

Mon, Wed, Thurs, 12pm-9pm
Fri and Sat 11am - 9pm
Sun 11am-4pm

Employees:
10
Years established:
1980s

Other Information

Support & training:

BOH and FOH training

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.