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Family Owned Restaurant In Seaway Valley For Sale

Seaway Valley, Ontario
Asking Price:
$1,100,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1,300,000 (CAD)
Cash Flow:
$450,000 (CAD)

Established in 1971, this full-service restaurant is one of the most successful in the area. This iconic establishment is widely known for its signature dishes, quality ingredients and fine family recipes.

Located on a busy street with high visibility, this is the go-to restaurant for Canadian, Greek and Italian cuisine. Some of the menu items include chicken & ribs, pizza, pasta, Greek specialties, grilled meats and fish, fresh salads, hamburgers, fries, hot & cold sandwiches and a large variety of snacks & side dishes.

The restaurant has a liquor license and seats almost 100 patrons. The staff are well trained and very capable. Takeout and delivery service is available as part of their operation.

The well equipped kitchen has been designed for maximum efficiency and boasts a very large, well-stocked, walk-in refrigerator. The restaurant’s furniture, fixtures and equipment is all in good working condition.

The restaurant is very supportive of the community and the community, in return, has patronized this landmark establishment for decades. If you live in Eastern Ontario, Ottawa or Montreal, you may well know this business. If you have eaten here once, you will no doubt have come back time and time again.

Included is a 2,800 +/- square foot well-built and well-maintained building. The structure is serviced by natural gas, city water & sewer. It has three large-capacity A/C units supported by 400 amp service. The furnace was replaced about three years ago and a new A/C heat pump was installed a year ago. The owner recently spent $25,000 in upgrades. The large and dry basement and attic are used for storage. The parking lot is paved and offers plenty of parking for customers.

This turn-key, non-franchised restaurant provides an excellent income and is located in a friendly city along the mighty St. Lawrence River. You will find that housing costs are quite reasonable, activities plentiful and life less stressful than in larger cities.

Property information

Real Estate:

Real Property Included

Location:

Located on a busy street. The building is highly visible with excellent and prominent signage. Corner location = excellent street exposure.

Premises Details:

2,800 sq. ft plus basement and attic storage. Very efficient kitchen layout with an enormous and well stocked walk in cooler. It has a liquor license and seats almost 100 patrons.

Business Operation

Expansion Potential:

The website could use a make over and you could add on-line ordering. There really isn't much else to do but learn from the owner and do not change things drastically.

Competition / Market:

There is no other restaurant that has the hit list of offerings this restaurant has. Some specialize in Pizza, some in Pasta, some in Chicken but this restaurant has it all. Family recipes, quality ingredients and signature dishes make this a very popular restaurant. People from Ottawa, Montreal and Eastern Ontario make the journey to this iconic establishment!

Reasons for selling:

Retirement

Trading hours:

10 am to 10 pm all days except Sundays. Open at 9 am on Sundays

Employees:
12
Years established:
47

Other Information

Support & training:

You will receive full training and support.

Financing available:

3rd Party Financing Available to Qualified Buyer.

Furniture / Fixtures value:
$180,000 (CAD) - included in the asking price

Contact Information

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