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Restaurant Ownership Opportunity

Location  Ontario,Canada
Asking Price Range  $250K - $500K
Gross Revenues  $500000
Net Profit / Cash Flow  $50000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2007
Number of Employees  10 - 19
Inventory  100000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Reason for Sale  Present Owner has other business interests to focus on.
Description  Honey's Diner has established itself as a quality family restaurant in Woodview over the past several years. The present owner is offering it for sale to qualified buyers. An owner/operator has the opportunity to generate a personal income exceeding $ 100,000 annually. This represents a great opportunity for anyone wanting to purchase an established a restaurant in the Stoney Lake area in a great location on highway 28. The location provides a high degree of visibility because this is the main highway used by visitors and residents in the area. It is about 35 minutes from Peterborough and about 2 hours from Toronto. The Stoney Lake area has been growing rapidly over the years and is continuing to grow at a rapid pace. Families and couples that are retiring or want to have a second home in a quiet, peaceful and pristine area next to nature are drawn to this area. Most of these people have well above average income levels and thus, have discretionary spending ability to dine out often. The facility provides a relaxed, informal dining area plus a separate, more formal dining area equipped with a bar and fireplace. The formal dining area can accommodate a group of 40. The entire restaurant is licensed for a total of 65 seats which includes the informal area. The restaurant for sale is decorated in wood to conform to the cottage theme of the area. The facility contains approximately 2640 sq. ft. and contains a full range of restaurant equipment for preparing a wide range of meals throughout the day starting with breakfast through dinner in the evening. The restaurant has a beer and liquor license to facilitate serving a wide range of beverages.
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