Profitable and Reputable Restaurant Business within a Prime Location for Sale in Eastern Ontario

Business Description

A rare opportunity to acquire a successful and well-established restaurant with a rich history since 1964, located on the main road of a bustling community. This restaurant boasts a strong reputation with a 4.5-star
rating on Google Reviews and attracts both locals and tourists year-round. It features a diverse menu, including breakfast items, sandwiches, wraps, pizzas, mains, Italian dishes, snacks, appetizers, and beverages. Recent upgrades include modernized washrooms, new air conditioning and heating units, a new hot water tank, and enhanced security measures. The restaurant also offers multiple delivery options, including curbside pickup and Uber Eats. This turn-key business is available for $425,000, with an option to include the land and building for a total of $690,000. The current owner wants to divest and leave the business in capable hands. As such, the business is priced for quick sale. Financing options are available. For more information email [email protected] or call 613-721-9140 x225

Details

Business ID: OTTA0155
Business Category: Food Services and Drinking Places
Location: Ontario, Eastern Ontario
Financing: Available
Status: New

Company Information

Year Established: 1964
Franchise: No
Number of Employees: 8

Financial Information

Asking Price: $ 425,000
Gross Revenue: $ 752,000
SDE: $ 217,000
FF&E (included): $ 75,000
Inventory: $ 15,000
EBITDA: $ 167,000
Down payment: On request
Occupancy Cost: On request

Business Presented By
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