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Popular High Volume Restaurant And Taphouse For Sale

Kamloops, British Columbia, Canada
Asking Price:
$369,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$2,420,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

This fully licensed, casual inspired restaurant & taphouse has been a restaurant leader in its community for many years and is a high performer. Located in the Thompson / Nicola region of BC, in a busy downtown area, this restaurant caters to many local and hotel patrons. With great ratings on Trip Advisor, Google, Facebook, & Yelp, this Restaurant has proven itself to be a hit with its loyal guests for many years.

The operation has the ability to serve 140 people in-house, has a fantastic patio that seats 36, and easily caters to larger groups. The menu is diverse and serves a wide assortment of eclectic dishes influenced by Italy, India, USA, Japan, Mexico, & more! The operation provides an assortment of catering services including coffee and beverage service, breakfast buffets, lunch and dinner banquets, and reception trays and platters.

There is a 5 year lease in place with a 5 year option to renew. Sale includes all shares of operating company & all operational furniture, fixtures, equipment, leaseholds, & goodwill.

A confidentiality agreement will need to be signed prior to releasing the name & location of the business.

Property Information

Real Estate:

Lease

Lease Terms:

Current lease term ends March 31, 2028. 5 Year option to Renew. Local Landlords

Lease Rent:
$15 (CAD) per sq ft per annum
Location:

Central, high traffic, downtown location.

Premises Details:

Size 5400 SF

Base Rent $15 Per SF

Operating Costs & Taxes $ 7 Per SF (est)

Monthly Lease Cost $6,750.00

Current Lease Term Ends - March 31, 2028

Parking 42 Stalls + 3 HC

Size in square feet:
5,400

Business Operation

Reasons for selling:

Retirement for one partner, a change for the other 2 partners

Employees:
35
Years established:
2006

Other Information

Support & training:

To be Negotiated - Post Sale Training Provided

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

To be negotiated and determined on a case by case basis

Furniture / Fixtures value:
$85,714 (CAD) - included in the asking price
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