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Well Established Neighborhood Restaurant & Pub In Saskatoon For Sale

Saskatoon, Saskatchewan, Canada
Asking Price:
$249,900 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$450,000 (CAD)
Cash Flow:
On request

This is an exceptional opportunity to acquire a well-established neighborhood restaurant and pub.
With two schools and the Village Square Park across the street and 56 angled street parking stalls.
The business comes with leasehold improvements, fixtures, fully equipped kitchen and 4 VLTS. The total space including the kitchen is 3221 sq.ft. The seating capacity is 100 and generates $400,000 plus in sales per year.
Stable and strong future growth potential.
Owner is motivated to sell and is willing to train new owners in the daily operations.
Ideal investment for those looking to own their own business.

Property Information

Real Estate:

Lease

Lease Terms:

3 1/2 years left on the lease but would like prospective buyer to negotiate their own lease.

Lease Rent:
$25 (CAD) per sq ft per annum
Location:

Located across from a park and two schools in a Willowgrove commercial strip mall with lots of parking and new development.

Premises Details:

The restaurant is located in a commercial strip mall in Willowgrove

Size in square feet:
3,221

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

We offer catering services, special events, and breakfast buffet every Sunday.
I will be receiving another video lottery terminal this summer which brings in a substantial amount of revenue.

Competition / Market:

There is only one other food venue in the area and that is a take-out pizza place.

Reasons for selling:

Selling for health reasons

Trading hours:

Open 9 a.m. to 9 pm Sun-Thurs and 9 a.m. to 11 p.m. Friday and Saturday

Employees:
12
Years established:
2 1/2 years

Other Information

Support & training:

I am willing to train and mentor the prospective buyer until they are comfortable with operating the business on their own. I would also partner with the right individual and with a substantial investment.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

There are business loans available through a number of different organizations that I can share with the prospective buyer

Furniture / Fixtures value:
$180,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD) - included in the asking price