Cafe Red Umbrella - English Bay
Location British Columbia,Canada
Asking Price Range < $250K
Gross Revenues $300000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1997
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Description $ 178,000 Cafe RED UMBRELLA near English Bay, Vancouver West. Nice Cafe with sidewalk patio neighbouring English Bay residential/commercial area. Business is well established for over 15 years with proven income. Cafe is equipped with full venting kitchen serving all day breakfast and light meals.
Short operating hours between 0700 to 1600hrs daily. Revenue can be increased with longer operating hours in the summer where the firework and parade events took place on Davie Street.
Current new highrise construction takes 30 months to complete right opposite the Cafe also benefit sales at this location.
KINDLY RESPECT THE VENDOR, DO NOT DIRECT APPROACH THE OWNER AND THEIR STAFF. THANK YOU. For informatiom, please call Anry at 778-896-8561
YEARS IN BUSINESS 15 year(s)
FLOOR AREA 1000 sq ft.
EMPLOYEES Fulltime: owner + 4 Part time:
LEASE TERM 2.5 + 5 years
PARKING Street
ADDRESS
1707 Davie Street, Vancouver
ASKING PRICE $ 178,000
BUSINESS HOURS
Daily 0700 to 1600hr
YEARLY SALES
Others: over $300K gross sales net tax
YEARLY GROSS INCOME $ 210,000
YEARLY OPERATING COSTS
Gross Rent: $ 54,000
Employee Wages: $ 60,000
Hydro: $ 6,000
Insurance: $ 1,500
Phone Interac: $ 1,200
Others: $ 5,000 other operating expenses
YEARLY EXPENSES $ 127,700
YEARLY NET INCOME over $ 80,000 for owner before income tax
Click Here To Contact Seller
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