Iconic and Profitable; Urban Seafood Restaurant

Business Description

With a 47-year history of preparing renowned, fresh seafood and side dishes and an expanded “comfort-food” menu, this dine-in and take-out business is a turnkey operation with solid revenues and returns to the owner. The recipes which have built an iconic reputation for the business, will be transferred to a new owner. All equipment is in excellent condition with several new pieces added within the last 12 months and the building, in a prime location (valued at $550,000), is included with the sale. The business has a second, equally successful, operation operating under the same recognized name, also available for sale separately.

Details

Business ID: NBRU0006
Business Category: Food and Beverage Stores
Location: New Brunswick, Greater Fredericton
Financing: Available
Status: Available

Company Information

Year Established: 1973
Franchise: No
Number of Employees: 12

Financial Information

Asking Price: $ 1,500,000
Gross Revenue: On request
SDE: $ 183,000
FF&E (included): On request
Inventory: $ 40,000
EBITDA: On request
Down payment: On request
Occupancy Cost: On request

Business Presented By

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