Established in 1985, this very well established 64 seat restaurant is the perfect size restaurant to manage, either as husband and wide combo or a single owner/operator to hire someone to support the needs of the day to day.
You can have your original investment back in 1 year. Example:
- $120k down and $230k financed.
- approximately $40k in payments means $165k pre tax left over.
- Cash on Cash returns in excess of 100%.
There are a total of just 6 staff, in addition to the owners. The menu is straight forward and can easily be taught to someone with a desire the learn. The owner was not a qualified chef when he began.
The location of this business is ideal, in a high traffic area, shopping plaza, surrounded by many commercial and institutional operations nearby that support ongoing demand. Located next to the only NSLC in the area that is now selling *********, as well as the new a 40,000 sft retail development. This location a hub in the area.
If you have big dreams and strong work ethic, there are a number of recipes you could develop into a commercial offering to take to the retail scene.
Average 3 years Seller's Discretionary Earnings = $207k (trending upward)
Seller's discretionary earnings are the pretax and pre-interest profits before non-cash expenses, one owner's benefits, one time investments, and any non-related income or expenses.
Minimum Equity Required
Leased Premises - $26k per year.
1440 square feet + 250 sft for offsite storage.
Load of parking for customers.
Long term tenant of property, signed a new 5 year term (January 1 2017 to December 31 2021) which includes an additional 5 year option.
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