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Great Victoria Restaurant For Sale

Victoria, British Columbia
Asking Price:
$220,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$560,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

If you are an experienced chef or restauranteur, this may be the opportunity you are looking for. The location has housed a variety of successful restaurant concepts for more than 50 years. The 50 seat restaurant boasts ample free parking, steady year-round cash flows, a strong local following, and enviable operating hours – the restaurant is only open from 5 pm to 10 pm five days per week.

Topline revenue is over $560,000 per year with an average ticket of more than 120.00 in 2017. With one person acting as chef and the other managing the front end, the restaurant could generate a combined income in excess of 100k for a motivated, experienced couple.

If you are interested in an opportunity to generate a significant, sustainable income though business ownership this business could be right for you. For more information contact Keith MacKenzie for more information.

Property information

Real Estate:

Lease

Lease Terms:

5 year lease available to new owner

Lease Rent:
$21 (CAD) per sq ft per annum
Location:

The restaurant is located in Oak Bay, BC, one of Canada's most picturesque and affluent communities.

Premises Details:

The location offers excellent free street parking as well as a number of stalls for staff. The restaurant is licensed for 50 seats. The patio is perfect for enjoying cocktails, a glass of wine or a light meal. Inside, the restaurant is can handle numerous groups at the same time.

Business Operation

Expansion Potential:

There are numerous opportunities to increase revenue and profitability available to an ambitious new owner.

Trading hours:

Wednesday to Sunday, 5 pm to 10 pm

Years established:
50

Other Information

Support & training:

As required

Inventory / Stock value:
$21,000 (CAD) - included in the asking price

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