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Popular West Coast Restaurants - Group Of 3
Location British Columbia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $2743000
Net Profit / Cash Flow $190000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1999
Number of Employees 20 - 34
Inventory 500000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Current owners able to stay with business
Reason for Sale New ownership required for growth and development
Description FOR SALE as a Group, Three Established and Profitable Full-Service Restaurants with a Well-Defined Theme and Branding.
First location open since 1999. Second and third locations opened in 2003 and 2008. All with same theme, menu and branding. All are popular 75-95 seat operations, with liquor licenses, in high-traffic mid-town or downtown locations in major urban centres on Canada's West Coast.
Award-winning restaurants featuring menus and interiors evoking an authentic ethnic/regional flavor. Branding and look and feel are consistent and professionally executed. An executive chef ensures menu quality and originality.
Each Location Fully Managed. In addition to a corporate Executive Chef, each location is presently fully staffed with chef or sous-chef, kitchen staff, and general managers/floor managers.
Sales are comprised of approximately 70% food and non- alcoholic beverages, 30% alcoholic beverages.
Leases Stable. Each location leases premises under stable arrangements with 1-3 years remaining on present terms, along with 3 or 5-year renewal terms. One location has recently undergone extensive kitchen renos and upgrades.
BONUS - Franchise Program ready to build out. A complete and tested franchise program has been developed including legal documentation and registered trademarks.
Terms. Offers are invited for equity ownership of the Holding corporation, on the basis of $1.2 million valuation for 100% ownership. Transactions will be negotiated flexibly to take into consideration tax, corporate governance and management needs of all parties. Current owners are available and willing to remain involved with the business in the same or similar roles as at present.
Detailed information is available to qualified parties who comply with confidentiality procedures. Call Rob Millar at 1-250-361-3003 for details.
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