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Family Restaurant And Bar With Living Area
Location Ontario,Canada
Asking Price Range < $250K
Gross Revenues $160000
Net Profit / Cash Flow $10000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 4 - 5
Inventory $17,000 included in price
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Cook/owner for up to 2 weeks.
Reason for Sale Entered new financial services venture - time restraints.
Description Asking $155,000 for turnkey restaurant and bar, liquor license is transferable. On Main street in Watford Ontario. Front restaurant currently license for 95 and bar and patio for 125 patrons. Very steady customer base, in business as family restaurant for 4 yrs. And has been in operation as a restaurant/bar for over 50 yrs. Approximately 20 plus rooms on second level, could be converted to many rental units, currently with 2 tenants on monthly basis. Rooms were set-up once as a older hotel with 2 bathrooms included. 3rd floor attic, dormers were removed several years ago and is no longer in use. New roofing throughout the entire building, 2 new gas furnaces installed and all kitchen equipment and supplies including in asking price. Back patio is licensed as well, private parking available at rear of lot as well (approximate 9 spots). Ideal for large family looking to live on second floor and operate restaurant on main floors. Some staff willing to stay on and owner/manager/cook able to train for a 2 weeks to help transition. Currently only licensed restaurant in town. Local legion only other licensed establishment. We are the main lunch location in town as well. Well known for hosting private b-day parties and other events in our large backroom/bar. Contact for more information on this restaurant for sale.
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