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Profitable Kamloops Restaurant With Amazing Location In Kamloops For Sale

Kamloops, British Columbia, Canada
Asking Price:
$159,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$100K - $250K (CAD)

AMAZING RESTAURANT OPPORTUNITY - KAMLOOPS

PRICE REDUCED - NOW OFFERED @ $159,000

Operate as is or create your own culinary vision for this fantastic high-traffic / corner location!

Low food costs and tight controls make this restaurant amazingly profitable. The operation can serve 42 people in-house and operates 5 days per week for lunch & dinner, making it attractive to those looking to operate in a more intimate setting while maintaining a balanced lifestyle. Owners were able to draw $126,000 this past operating year!

The total cost of the business is $159,000 + Inventory (approx $10,000).
The $159,000 includes the property lease, furniture & fixtures, equipment, leaseholds, recipes, website & goodwill.
You as the buyer are NOT responsible for commission or brokerage costs. Seller pays them.
All taxes and corporate accounts are up to date - no outstanding amounts.
Asset sale, Buyer will not take on any of the corporate liabilities.
Prime downtown location!

This fully licensed, locally-owned Thai restaurant has been operating in Kamloops since 2019. Located downtown on one of the busiest corners in the city, this restaurant has excellent foot traffic & 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.

The menu is diverse and serves a wide assortment of Thai dishes. There is a low-cost 5-year lease in place with a 5-year option to renew.

Updates throughout, including flooring, booths, paint, bathrooms, & assorted kitchen equipment. Comes equipped with a fully functional kitchen that is well-kept and clean.

Sale includes all assets; operational furniture, fixtures, equipment, leaseholds, recipes, website, & goodwill.

Inventory value is approx $10,000 to $15,000 (not included)

Property Information

Real Estate:

Lease

Lease Terms:

5 year lease in place with a 5 year option to renew. The leasehold rent figure shown includes additional rent.

Leasehold Rent:

$32,400 (CAD) per annum

Location:

Prime downtown street frontage, high foot traffic area

Premises Details:

2700 sq ft approx. Lots of storage in basement. Updates include, paint, flooring, booths, tables, some kitchen equipment, and bathrooms. Super clean and well kept!

Size in square feet:
2,700

Business Operation

Reasons for selling:

Moving out of country

Trading hours:

Tuesday to Saturday for Lunch & Dinner
Closed Sunday & Monday

Employees:
5
Years established:
2019

Other Information

Support & training:

4 week of post sale training and assistance

Furniture / Fixtures value:
$75,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD)
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