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Listing ID: 3138316

Well Established Pizza Parlor and Eatery For Sale

Halifax, Nova Scotia, Canada

CA$ 775,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: CA$ 514,535

Cash Flow: CA$ 92,616

Business Description

Well-established fast food restaurant providing eat-in and delivery service since 1994, serving its local area. Providing mostly Pizza, Donairs, Seafood, and Subs.

Property Details

Years Established:

25 Years

FF&E:

CA$ 90,000

Inventory Value:

CA$ 8,000

Other Details

Premise Details:

The restaurant is located in its own building on a very busy main road with steady traffic, which is particularly busy during morning and evening commutes and near to two schools. The building is partially occupied on the main floor by the restaurant, with additional space to expand or availability for a new tenant. The basement is also available for rent. Both of these additional spaces have been rented in the past but are currently unoccupied. The restaurant is fully equipped and the building has recently been renovated with new electrical and roofing.

Competition:

The restaurant competes in a busy market but stands out due to its location, years of service and the quality and diversity of its food offering.

Expansion Potential:

The greatest potential for growth is through expanding hours to lunch service, introduce a liquor license and grow the in-house sales.

Operation Details

Employees:

2 FT/ 4 PT

Trading Hours:

Monday-Sunday 2pm-12am

Support & Training:

Will train for 4 weeks @ no cost. The restaurant provides the opportunity for eat-in or delivery 7 days a week from 2-midnight. The menu includes Pizza (60%), Donairs (20%), Seafood (15%), and Subs (5%). Delivery forms approx. 60% of business, pickup 30%, and eat-in 10%. The restaurant is well equipped, the food is easy to prepare, and a food permit is the only food service requirement. The restaurant also caters to local schools for special events.

Miscellaneous

Reason For Selling:

The owners are looking to retire.

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