A rare opportunity to acquire a well-established Vietnamese restaurant with a loyal customer base and strong reputation for quality food and service. The restaurant offers an authentic menu of traditional pho, fresh rolls and other specialty Vietnamese dishes in a warm, welcoming setting in a sought-after Vancouver corridor. The business is turnkey-ready with low owner-dependency, well trained staff, established supplier relationships, and consistent revenue — backed by a secure long-term lease with 7 years remaining on it. Leasable space of approximately 1,950 SF allows for 50 covers but is expandable subject to obtaining a revised license. Full set of licenses including liquor license.
- Asking Price:
- $249,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $500K - $1M (CAD)
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
10 year lease with 7 remaining. Fixed increase in base rent through February 2028
- Leasehold Rent:
-
$170,000 (CAD) per annum
- Location:
-
Prime frontage on one of the main thoroughfares of Vancouver close to a number of large format stores, commercial and government offices and housing areas such as Fairview and Olympic Village.
- Premises Details:
-
Low rise retail property with frontage position on Cambie Street.
- Size in square feet:
- 1,949
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
Potential to add further covers via use of upper level with amendment to the existing license.
- Competition / Market:
-
Limited Asian food options nearby.
- Reasons for selling:
-
Focussing on developing business in West and North Vancouver where we already have one restautant.
- Trading hours:
-
Monday - Sunday 11am - 9pm. License allows opening until midnight every day.
- Employees:
- 6 full time, 6 part time
- Years established:
- 3
Other Information
- Support & training:
-
1 month post completion
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Some of the sales price can potentially be deferred.
- Furniture / Fixtures value:
- $200,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $15,000 (CAD) - included in the asking price
