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ID: MV1705

Legendary Full Service Family Restaurant, Established Over 50yrs

Canada

Profitable non-franchise, independent, family restaurant for sale. Established over 50yrs. Loyal growing customer base. Opportunity to scale current operations.

ID: MV1705

Register Interest

Location

Prime Highway Location
Located Eastern GTA

Business Description

  • Established 50+ Years 
  • Long Lease 
  • Very Profitable/Established Systems/No Royalties 
  • Easy to Operate/Short Hours 
  • Upside by simply expanding opening hours 
  • Payback in less than 3 years. 

Real Estate: Lease
Lease Terms: New 10-year lease plus two 5-year options.
Leasehold Rent:  $180,000 (CAD) per annum
Living Accommodation: Rent Includes a 3 bedroom apartment.

Premises Details: Free standing building

Financial Summary

Financials:
EBITDA $500k+ 
Asking Price - $1.5m CAD (Asset Sale)

VTB available for a qualified buyer.

Investment Rationale

Easily increase sales with no additional fixed costs by expanding opening hours.
Lots of salaries in expenses that can be taken over by owners or family.
50+ years in same family. Owner retiring.

Transaction Information

Owners will train and will provide ongoing support at no cost. (Industry Experience Required)
Owners are committed to ongoing success of the business.
Ideal for family business with relatives who want to work.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.