* Included in Asking Price
Established and profitable BBQ restaurant without owner involvement. The business would benefit significantly from an engaged owner who has a passion for connecting with people and the community. Do you love cars, jeeps, trucks or bikes? Are you a sports fan, playing or watching? Do you love a good cooking challenge? Let's get creative, it's time this location gets a flare of passion and builds a name for itself beyond that it currently has.
Buyers who acquire businesses listed with Gateway Business Brokers are connected with a world-class business coach and mentor who will help turn dreams and plans into reality.
Taking over, there is little that requires upgrading.
- 10 staff, stable foundation, with minimal turnover
- Equipment, mostly new in last 3 years, all said to be in excellent condition. (easy inspection)
- VLT income of approximately $115k per year CAD.....covers all operating costs of building and provides some profit.
- Building is in very good condition with heat pumps, metal roof, upgraded electrical, and plenty of room for growth
Total Revenues have averaged approximately $1,000,000 CAD per year for the last 3 years. COGS have averaged 42% (food, liquor, and supplies)
Minimum Equity Required
The listing price includes the option to acquire the real estate, which was built in 1983 and received a FULL renovation in 2012. This property is a nicely updated 4,950 sft sitting on approximately 2/3rds of an acre of land located in one of the busiest commercial districts in this Nova Scotia county. Excellent exposure to major traffic and surrounding businesses, as well as a new major attraction that will begin construction shortly.
Property taxes = $22,500 CAD
The approximate market value of the real estate is $950k CAD. A mortgage of $650k CAD could be expected, with payments of not more than $4500/mth CAD.
Seller Reference #1160
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