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Listing ID: 2066000

Franchised Bar And Grill Restaurant For Sale

Guelph, Ontario, Canada

CA$ 650,000

(Furniture / Fixtures included)

Revenue: CA$ 1,600,000

Cash Flow: CA$ 1m to 5m

Business Description

A busy Franchised Bar and Grill located 30 minutes from the GTA. The location is in a prime plaza and on a busy intersection. Rent is 14,000 plus TMI for a 4500 plus square foot size space. Restaurant capacity of 146 seats in house and 64 seats on the patio. Bar and dining booths, largest panel television, large party seating, etc. Ideal for someone who has restaurant business experience. Operating partner is also an option. Minimum buy in equity of 1/3rd shares of the company with industry average compensation as salary.

Property Details

Years Established:

6 years

Property Type:

Lease

Other Details

Business Location:

Main road facing 3 major hotels

Premise Details:

4500 plus Square Feet

Expansion Potential:

A small retrofit could increase sales by a big margin. Reno not a franchisor requirement

Operation Details

Employees:

25

Trading Hours:

11.00 am to 1.00 am

Support & Training:

1 month training through transition period

Miscellaneous

Financing Available:

Yes

Reason For Selling:

Bought into another business which is making it difficult to manage both. Willing to work out an operating partnership agreement and continue ownership of the business.

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