Fine Dining Restaurant For Sale

Listing ID:
CENTRBC001-N12

British Columbia, British Columbia, Canada

Full-Service Restaurants

Listing Status: Active

The following broker is assigned to this listing:

Michael Naprawa

mjn@sunbeltnetwork.com
Cell: (250) 713-7890

Description

Recently renovated, this restaurant features indoor seating for 150 and a glassed-in patio for 80. Location lends itself to a plethora of concepts. New owners may continue to grow the existing business, introduce breakfast/lunch & catering, or capitalize on the liquor license and strong alcohol revenues to promote more of a bar or lounge atmosphere. - Fully functional bar in place - Alcohol license included if permitted - Fully equipped and turnkey operational - Young, modern, and upbeat interior mood - Includes $50K FF&E and $15K inventory Located in central British Columbia, near a motel and an 18-hole golf course, with new condos being built nearby. For more information on this and other business opportunities, please contact Michael Naprawa at 250-751-7917 or email nanaimo@sunbeltnetwork.com

Financials

Asking Price:$445,000
Revenue:$1,000,000
Cash Flow:$208,000
Downpayment: NEGOTIABLE
Monthly Payroll:$19,000
FF&E Asking Price:$50,000 (Included in Asking Price)
Inventory Asking Price:$15,000 (Included in Asking Price)
Financing Available?No

Property

Asking Price: NEGOTIABLE
Building Size:7220 sq m

Other

Franchise?No
Homebased?No
Relocatable?Yes
Year Established:1991
Year Acquired:1991
Full-Time Employees:0
Part-Time Employees:0
Reason For Sale:Owner would like to pursue other interests.