Homestyle Restaurant W/Fully Rented Small Business Spaces

Business Description

Now is the time to own one of the most popular small-town restaurants in Atlantic Canada. This location has excellent sales year-round, with 30+ years of success. They have long standing staff members and a loyal customer base. This opportunity is a multi-faceted business enterprise which includes a family restaurant, recognized for high quality homestyle cuisine and an acclaimed bakery plus two fully rented small business spaces. The restaurant also has banquet and catering services available. Located In a fully serviced town on a busy main artery, with excellent road frontage, high tourist travel and plenty of on-site parking. Recent investments include $60.000 for renovations and equipment. Sales could be drastically improved with a new owner and the addition of a liquor licence (possibly adding $150,000) and opening hours that include Sundays (possibly adding another $250,000 to the sales). Owner must retire due to health reasons but has generously offered to hold paper (i.e. vendor takeback) for the right buyer. Financing is available for qualified candidates. Please contact your broker at 1-866-766-1566.

Details

Business ID: ATLA0127
Business Category: Food Services and Drinking Places
Location: New Brunswick, NB Other, Atlantic Canada
Financing: Available
Status: New

Company Information

Year Established: 1999
Franchise: No
Number of Employees: 22

Financial Information

Asking Price: $ 499,000
Gross Revenue: On request
SDE: On request
FF&E (included): On request
Inventory: On request
EBITDA: On request
Down payment: On request
Occupancy Cost: On request

Business Presented By
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