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Elegant Restaurant In Beautiful Seaside Community
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $900000
Net Profit / Cash Flow $120000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Extensive training during transition available.
Reason for Sale Retirement.
Description Location: Qualicum Beach, Vancouver Island, B.C., Canada
Sales: $900,000 projected for 2012
Price: $450,000 Share Sale Plus Inventory
Financing: Potential Seller Financing Available
Website: giovannisqualicum.com/
- Giovanni's Ristorante is a well known, highly regarded turn-key operation ready for the right buyer to benefit from a broad and loyal customer base and multiple revenue streams
- Authentic gourmet Italian cuisine and a very professionally run operation based on attention to high standards in quality, ambiance and service make this a destination restaurant
- Revenues are growing rapidly due to the addition of a new lounge (the only one in the vicinity) and pizza delivery; 2012 projected revenue is $900,000 and over $1M for 2013
- Year-round profitability from a loyal customer base, and summer months offer a strong revenue boost from tourists; Well advertised in regional publications with an excellent reputation
- Attention to detail in all respects including service levels, quality, facilities and cost control
- Full Food-Primary Liquor License with Lounge Endorsement and Entertainment Endorsement and interior occupancy of 100 (20% in an adjoining lounge with private entrance) and an additional 33 on a covered patio; Facilities are updated and in mint condition with an elegant design
- Proprietary and feature recipes contributing to the success of the concept are included
- Business located on the east coast of Vancouver Island in beautiful Qualicum Beach near Parksville, a coastal destination community perfect for those seeking a quieter lifestyle
Sellers are seeking to hand the opportunity to experienced business operators who can build on an excellent reputation. Sellers will be a strong asset during the transition phase.
For more information, contact Frank Kusmer at 604 909-1271
Click Here To Contact Seller
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