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Indian Restaurant Downtown Halifax For Sale

Halifax, Nova Scotia, Canada
Asking Price:
$400,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
Under $50K (CAD)

Thinking of running and owning your own restaurant in the heart of downtown Halifax? Look no further than this high-quality ethnic food restaurant which can be the perfect fit for the right buyer!

Services include dine-in, take-out, and catering with a full bar service to capture the nightlife in one of the busiest areas of the city. Nearby a major university, you'll enjoy strong sales potential with the option to take it to the limit. Continue as an owner-run operation, or, hire staff while you focus on running the business instead of in it by connecting with local business communities and helping to attract customers. With minimal staffing to worry about, and not being a franchise, you can adjust and build however you see fit and customize it the way you like it.

With the exception of real estate, everything is included along with $25,000 worth of inventory and 2 weeks of training from the owner.

Asking price is negotiable and seller financing may be taken into consideration with at least a 50% down payment and a reasonable term and interest.

Contact us today for more details!

Property Information

Real Estate:

Lease

Lease Terms:

Runs until Jan 31st, 2028, transferable & renewable

Leasehold Rent:

$76,503 (CAD) per annum

Location:

Downtown Halifax

Premises Details:

Commercial style building. Inside has a dinning room with a bar.

Size in square feet:
2,319

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Expanding catering for corporate events and private gatherings, increasing lunch sales by opening sooner for nearby offices. Stronger local marketing, customer loyalty programs, and partnerships with nearby businesses and hotels.

Competition / Market:

Direct competitors include India Paradise, Besharam Bar & Grill, Mirchi Tandoor, and Tawa Grill.

Reasons for selling:

Moving out of country

Trading hours:

Tues - Thurs 1-11pm Fri - Sat 1pm-2am Sun 1pm-1am

Employees:
One plus owner
Years established:
2023

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$73,666 (CAD) - included in the asking price
Inventory / Stock value:
$25,000 (CAD) - included in the asking price