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Listing ID: 2865807

Established Restaurant For Sale

Newfoundland and Labrador, Canada

CA$ 485,000

(Furniture / Fixtures included)

Revenue: CA$ 1,120,125

Cash Flow: CA$ 254,743

Business Description

Popular and distinguished fine dining restaurant with a strong reputation and an established brand. Known for its exceptional service and food - including steak, seafood and pasta. Inhabits a great location that is very clean and well-appointed. Growing revenues and earnings. Great opportunity to own one of the best restaurants that Newfoundland has to offer.

Property Details

Years Established:

21

Property Type:

Lease

FF&E:

CA$ 43,751

Inventory Value:

CA$ 18,134

Other Details

Business Location:

Excellent location with great visibility in a desirable and high traffic area with reasonable rent and a long-term lease.

Expansion Potential:

Opportunity to expand the business through increased emphasis on catering, lunch takeout, wedding receptions and private events.

Operation Details

Employees:

7 FT/ 9 PT

Trading Hours:

Mon-Fri 11:30am-10pm; Sat-Sun 10:30am-10pm

Support & Training:

Will train for 2 weeks @ no cost.

Miscellaneous

Reason For Selling:

Seller wants to retire and travel.

Contact this seller

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