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Bar And Grille Restaurant
Location British Columbia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $2000000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2009
Number of Employees 20 - 34
Inventory 900000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Reason for Sale Other Business Opportunities
Description Bar and Grille Restaurant
Gross sales of more than $2 million and $1.5 million of assets.
Rare opportunity to secure a fully-fixtured, established restaurant in Kelowna, British Columbia. This modern, upscale concept that has been in operation since 2008. Features include an open-style kitchen, urban designed lounge, plasma TV's, state-of-the-art sound system, and wrap around patio with water fountains & fire pit. Also able to accommodate private functions and events, with a private dining room that has full access to a multi-media centre.
Located in the recreation/resort area consisting of 283 residential strata lots and a total of three commercial units. Bar and Grille Restaurant has done gross sales of approximately $2,000,000 to $2,500,000 over the last 3 years. Great opportunity for growth as there is over 100 million dollars' worth of current and proposed development in the area.
This luxury resort current occupancy is 119 indoor dining seats, 29 lounge seats and 98 outdoor patio seats.
This is an opportunity to acquire a superbly finished, tastefully decorated & fully equipped operation that is well-located with great parking and a solid market recognition.
Training/Staff
The restaurant has a fully trained staff and management team in place. The owners will provide training if desired by the buyer.
Equipment
The restaurant is fully fixtured and has been well maintained. Full equipment list can be made available.
Note: The replacement cost for the equipment and leaseholds would be $1,500,000 - $1,700,000.
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