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Listed by:

OpnRoad.io

High Margin Asian Fusion And Sushi Restaurant For Sale

British Columbia, Canada
Asking Price:
$849,997 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,810,000 (CAD)
Cash Flow:
$373,000 (CAD)

Recent price reduction and motivated seller of a profitable and reputable Japanese and Asian Fusion restaurant located in a growing mountain town in British Columbia Canada. The current owner does not work day-to-day in the business. Live a relaxed mountain lifestyle, while earning a $350,000 per year income.

- 20 years of stable growth.
- 15% - 24% profit margins.
- Owner pulls $350K personally each year from the business.
- Restaurant updated in 2017 and 2022, and is completely turn key.
- Seats 100+ with a patio.
- One of the highest-rated restaurants in its community by staff and guests.

Property Information

Real Estate:

Lease

Lease Terms:

To be negotiated with buyer. Open to sell real estate. The price to sell does not include real estate.

Leasehold Rent:

$90,000 (CAD) per annum

Location:

Located in British Columbia.

Premises Details:

An extremely well-appointed restaurant and sushi bar located in the heart of a growing ski town in British Columbia.

The restaurant sits 64 guests in the main dining area, 40 on the patio and is also paired with the Sake bar and private dining room. High end fixtures throughout, authentic lighting, and an amazing staff have led to 12 years of awards for the Best Evening Dining Atmosphere.

The kitchen was renovated and expanded in 2017, with upgrades through. The building boasts a solar-augmented power supply which provides 30% of the annual electricity for free, and ample parking which can accommodate a full restaurant.

Business Operation

Expansion Potential:

The property has space to expand the building. The owner has plans for this expansion drawn up, which include staff accommodation. As the community is growing rapidly, this could be a project rolled out in 2024 or 2025 if desired.

Competition / Market:

There is no direct competition in the community that offers the menu and atmosphere, which is why this restaurant has guests lining up every night at 4:30 prior to the doors opening.

Reasons for selling:

Retirement

Trading hours:

Monday 5–10 p.m.
Tuesday 5–10 p.m.
Wednesday 5–10 p.m.
Thursday 5–10 p.m.
Friday 5–10 p.m.
Saturday 5–10 p.m.
Sunday Closed

Employees:
20
Years established:
20

Other Information

Support & training:

1 month is included in the sale, and the owner can make themselves available on a consulting basis for up to 2 years.

In general, the owner is not leaving the community in retirement and wants to see the business succeed moving forward. They will be around to help where needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The seller will lend up to 10% of the purchase price.

The listing agent can help secure the remainder of financing with partnered banks and government lenders.

Furniture / Fixtures value:
$296,225 (CAD) - included in the asking price
Inventory / Stock value:
$20,000 (CAD) - included in the asking price
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