Japanese Restaurant And Lounge For Sale
Location Alberta,Canada
Asking Price Range $250K - $500K
Gross Revenues $350000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Yes
Reason for Sale Owner is considering other opportunities
Description An award winning restaurant located in a popular bar and restaurant district in downtown Calgary, this turnkey business offers a full-service restaurant and lounge operation. Along with Goodwill, this restaurant also comes complete with a unique menu, award-winning recipes, and a great ambiance that keeps diners coming back. Revenue streams include in-house dining, contract catering, private functions, takeout, & deliveries, and bar on Saturday nights. A loyal customer base includes local foodies with discerning tastes, regular diners from local area, downtown office workers, and suburban diners looking for a destination restaurant. Very low rent with all-inclusive operating costs incorporates water, heat, and electricity expenses. The space is 1400sq ft + storage, has 50-plus seats inside restaurant, 20-plus seats on patio during spring/summer months. Currently has positive cash flow and is profitable with the opportunity to further develop a lucrative business during the late-night scene.
This restaurant is supported by talented and experienced staff allowing the business to be successful. The seller has been successfully running this restaurant for over 5 years and is willing to assist with training and transition as needed.
For all serious buyers, please contact us for information package.
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