This non-Franchise restaurant/bar has created a very loyal following in a very short period of time. This year alone has shown a 12% increase in sales. Business is turn-key and ready for an experienced operator. All systems are in place Business has over 100 seats with potential for up to 135. Long-term lease ready for new operator.
- Asking Price:
- $1,200,000 (CAD)
- Sales Revenue:
- $2,000,000 (CAD)
- Cash Flow:
- $400,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
10 year term
- Leasehold Rent:
-
16500 per month per annum
- Location:
-
High Volume area that is growing in traffic each year
- Size in square feet:
- 4,156
Business Operation
- Expansion Potential:
-
Opportunity to expand current location with another up to 24 seats of bar and restaurant.
- Reasons for selling:
-
Owner has other business interests
Other Information
- Furniture / Fixtures value:
- $500 (CAD)
- Inventory / Stock value:
- $50,000 (CAD)
