For sale, a profitable non-franchise, independent, family restaurant for sale, with an opportunity to scale current operations.
- 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 2.5 years.
Real Estate: Lease
Lease Terms: New 10 year lease plus 5 year option.
Leasehold Rent: $180,000 (CAD) per annum
Living Accommodation: Rent Includes a 3 bedroom apartment.
Possibility to purchase or rent family home within walking distance if required.
Premises Details: Free standing building
Financials:
Sales Revenue $1.52m
SDE $400k
Asking Price - $949,000 CAD
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.
Owners will train and will provide ongoing support at no cost.
Owners are committed to ongoing success of the business.
Ideal for family business with relatives who want to work.
For more information, please contact us by using the form below.
