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Restaurant In Kawartha Country Bridgenorth
Location Ontario,Canada
Asking Price Range < $250K
Gross Revenues $210000
Net Profit / Cash Flow $15000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale See description.
Description Bistro Style Restaurant for sale in busy high traffic area at the beginning of cottage country on the edge of Peterborough. 30 seats inside, plus patio, both licenced. Two private rooms upstairs for additional dining space. Also separate office room, dry storage room and staff washroom upstairs. Large parking lot beside bldg. Excellent & loyal clientel, great food and great reputation. Our menu is eclectic and all homemade. Go to wardstreetgrill.ca to view menu. (our website is very budget...needs updating). Asking $40,000 OBO to buy business. 5 year lease (easily extendable for longer) with option to buy building. Lease $1,262/month or buy building for $350K.
Please note when looking at Gross Revenues & Annual Cash Flow that we are absentee owners and do not represent any of our profit as it is all hired laborers. We, the owners, are not present to manage the restaurant on a daily basis. Our staff does a great job of running it for us, but of course the business is not run as efficiently due to our absence. This is one main reason for selling. There is huge potential for more profit for an owner who will be physically present in the business operations. We are very motivated to sell due to personal reasons which we can discuss if you call. We will entertain best offer but please, and I stress, Serious buyers/enquiries only please. We can not afford the time if you are not seriously interested. For more information email or call Greg (cell) 647 444-1029.
Thank you.
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