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Upscale Casual Restaurant For Sale
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $1000000
Net Profit / Cash Flow $149000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1991
Number of Employees 20 - 34
Inventory 65000
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Owned
Training The owner is willing to provide support and training.
Reason for Sale Owner would like to pursue other business interests.
Description Do you enjoy the restaurant industry? Perhaps you are a chef. Here is an opportunity to make a lifestyle change to beautiful British Columbia without compromising your income. Reap the benefits of this very profitable, high profile restaurant that is open evenings only. Average 5-year revenues are impressive, exceeding $900K with a weighted SDE (seller's discretionary earnings) of $140K. Current owner works part time. Located near an 18-hole golf course with stunning views of the river, this is an upscale casual dining experience featuring indoor seating for 150 and a glassed-in patio for 80. Established since 1991, this restaurant caters to local clientele as well as BC's rich tourist industry. Fully equipped and turnkey operational. Young, modern, and upbeat interior mood. Fully functional bar and alcohol license in place. Includes $50K FF&E and $15K inventory and attractive website. All staff in place, owner will provide training. Some seller financing is available. New owners may choose to operate the business as is, or further increase profitability by introducing breakfast, lunch and/or catering. Another option is to capitalize on the liquor license and strong alcohol revenues to promote more of a bar or lounge atmosphere. The business is located in a city with dry warm summers and short, mild winters creating one of the most desirable climates in the Canada. For more information on this and other business opportunities, please contact Michael Naprawa at 250-751-7917 or toll-free 1-877-289-0969.
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