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 3 years.
Real Estate: Lease
Lease Terms: New 10 year lease plus two 5-year options
Leasehold Rent: $180,000 (CAD) per annum
Living Accommodation: Rent Includes a 3 bedroom apartment.
Premises Details: Free standing building
Financials:
EBITDA $500k+
Asking Price - $1.5m CAD (Asset Sale)
VTB available for a qualified buyer.
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. (Industry Experience Required)
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.
