Acclaimed Restaurant w/Fully Rented Small Business Spaces

Business Description

Large Vendor Takeback. Offered at an excellent price! Owner must retire due to health reasons. Family style restaurant boasting 30+ years of success. This is a multi-faceted business enterprise which includes a family restaurant, (one of the best in Atlantic Canada) recognized for high-quality homestyle cuisine, acclaimed bakery and two fully rented small business spaces. The restaurant also has banquet and catering services available. In a fully serviced town, the restaurant and rental properties are located on a busy main artery with excellent road frontage traveled by many tourists and ample on-site parking. It has a very loyal customer base and a well-developed menu. Recent investments include $60,000 for property renovations and equipment! This is a wonderful opportunity for an owner/operator with escalating sales and opportunities for continued growth. Financing options are available.

Details

Business ID: ATLA0067
Business Category: Food Services and Drinking Places
Location: New Brunswick, NB Other, New Brunswick
Financing: Available
Status: New

Financial Information

Asking Price: $ 449,000
Gross Revenue: $ 896,000
SDE: $ 96,000
FF&E (included): On request
Inventory: $ 20,000
EBITDA: On request
Down payment: On request
Occupancy Cost: On request

Business Presented By
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