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Steak House
Location Alberta,Canada
Asking Price Range $250K - $500K
Gross Revenues $440000
Net Profit / Cash Flow $44000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1994
Number of Employees 10 - 19
Inventory 150000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Yes.
Reason for Sale Health and retirment.
Description 3,500 square foot pub and dining room for sale. Steak and comfort food menu. Catering to locals and business patrons. City Center Downtown Brooks, Alberta. Average annual sales $450,000 to $500,000. Over the 15 years we have been in business we have reduced our operating hours to 5 days and nights a week. We close all weekends, holidays and for 10 to 12 days at Christmas. This leaves opportunity to expand limited to the number of hours operator wishes to work. We offer sale of business at $150,000 dollars secured by leasehold fixtures equipment and inventory. The land and building is available for lease, purchase, or lease purchase option.
We have limited competition in our local and have been in business for 15 years and are now the second longest restaurant operating in the community under one management and ownership. My health is deteriorating and would like to see a community oriented operator come in with fresh ideas and the desire to live and work in a smaller community 12,500. The community is very culturally diverse which leaves new markets open to the creative operator. The land and building is all so available for purchase for $250,000. Share sale preferred and will look at reasonable offers. Email or call Fred Rattai 403-501-0619 cell 403-362-0147 office or fax 403-362-6922. Pictures supplied by request. I would call the restaurant design as rustic saloon or pub style with antiquities and rustic decor.
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