Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Established Restaurant On Vancouver Island In Duncan For Sale

Duncan, British Columbia, Canada
Asking Price:
$525,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$100K - $250K (CAD)

This is your chance to join the restaurant chain and be the Best Steakhouse in Town!

Located next to a university, a community center, and on a neighborhood shopping center with highway access and ample parking.
The shopping center is well anchored with a Thrifty Grocery Store, Coast Capital Credit Union, and a large format liquor store.

The restaurant design features a contemporary West Coast style, a stunning fireplace in the enclosed patio area, a great curved bar for guests to watch the game or wait for a table, and a smaller efficient floor plan to maximize the sales-to-seat and sales-to-rent ratios.

If you are a leader and want the advantages of local ownership, this restaurant opportunity is one of the best out there.

Well-priced to sell at $525,000.

Property Information

Real Estate:

Lease

Lease Terms:

5 Years plus 2 x 5 year renewals.

Lease Rent:
$34 (CAD) per sq ft per annum
Location:

Duncan BC has a livability score of 73/100 which is considered excellent according to areavibe.com. The market has a strong primary trade and a large secondary trade including tourism.

Premises Details:

This 3913-square-foot endcap restaurant (not including the 884 Sq/ft enclosed patio) is located in a neighbourhood-scale Shopping Centre consisting of 98,000 square feet of retail with ample parking and great ingress and egress.

The Beverly Corners Marketplace Neighbourhood Shopping Centre has some major anchor tenants such as Thrifty Foods, Coast Capital Credit Union, Starbucks and a large format privately owned liquor store.

Business Operation

Expansion Potential:

Limited

Competition / Market:

Minimal

Reasons for selling:

Absentee Owner

Trading hours:

11 a.m. - 10 p.m. Monday to Sunday

Employees:
40-70
Years established:
2009

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Royalty - 6%
Co-Op - 2%

Other Information

Support & training:

By Franchisor and Owner.

Furniture / Fixtures value:
$400,000 (CAD) - included in the asking price
Inventory / Stock value:
$25,000 (CAD)