An exceptional opportunity to acquire a thriving restaurant business specializing in Chinese cuisine. This well-established, high-standard leasehold restaurant has cultivated a substantial base of loyal customers. Key Features: Location: Iconic riverside setting in the heart of one of the fastest-growing communities in the province. Ambiance: Excellent indoor and outdoor dining venues. Customer Base: Strong and loyal clientele. This restaurant is perfectly positioned for continued success and growth in a vibrant and expanding community.
- Asking Price:
- $474,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $834,700 (CAD)
- Cash Flow:
- $158,134 (CAD)
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This business is located in a mixed-use commercial and residential property. The restaurant occupies a spacious 3,500 square-foot single-level space, renovated to a high standard of décor.
Please note: the land and building housing the business is being offered for sale concurrently with the business and is available to a potential buyer. The asking price for the real estate is $726,000 and is well supported by commercial building rents.
Business Operation
- Expansion Potential:
-
The area continues to grow and the location is superior.
- Competition / Market:
-
While restaurants are common their iconic location provides an advantage over the competition.
- Reasons for selling:
-
Owner is retiring.
- Trading hours:
-
Wednesday-Monday 11:30am-9pm
- Employees:
- 6 FT/2 PT
- Years established:
- 44
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 costs.
- Furniture / Fixtures value:
- $75,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $8,500 (CAD)
