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Full Service Restaurant With Real Estate For Sale

Nova Scotia, Canada
Asking Price:
$1,999,000 (CAD)
Sales Revenue:
$1,550,000 (CAD)
Cash Flow:
$280,000 (CAD)

This is by far one of the best hospitality businesses worthy of investigation by either those experienced or not experienced in the sector, for 3 important reasons:

1. The business owner is not involved in day to day operations and has been operated by management for many years.
2. Historical financial track record, even through Covid, has been exceptional.
3. Recent improvements and updates internally, along with a significant community project, have this business well positioned for the future and the growth it will experience in the years to come. Let's talk so you can get a hands on appreciation for what is to come your way.

All books and records are well kept and up to date. There may very well be an opportunity for increased efficiencies with a more hands on approach, which would include cash management, food and labour controls, etc. If you're looking for a stable and secure cash flow with some wind in your sail, this is it. Let's determine together if you're qualified to reap the rewards of this well positioned operation.

The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most all of your questions.

Annual Revenues and Seller's Discretionary Earnings:

2023 Projected Revenues in excess of $1.75M with SDE exceeding $325k

Revenue: $1,550,000
SDE: $280,000

Revenue: $1,200,000
SDE: $190,000

Revenue: $1,080,000
SDE: $250,000

Revenue: $1,125,000
SDE: $200,000

* Please note, SDE considers a rental adjustment such that the payments are sufficient to cover $80k in annual mortgage payments, sufficient to service a $910k mortgage.

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 35% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

This well cared for and updated building is well positioned to invite its guests and is prepared for the next wave of growth which will be occurring over the next 12 months relative to the near by expansion in community service that will see a fairly significant increase in traffic in the immediate area. The 6,000 + or - sft building is situated on a .67 acre lot size, which is included in the asking price, and has been recently appraised at $1.4M.

Primary heat source are heat pumps installed not more than 5 years ago. Alternative is electric baseboard.
Main source of water is municipal water supply.
Sewage disposal is also municipal.

Property Information

Real Estate:

Real Property Included

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