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Asking Price$737,187
RevenueUndisclosed Established1984
Cash FlowUndisclosed Employees3 full, 8 part
FF&E$43,398* FranchiseNo
Inventory$13,038 RelocatableNo
Real Estate$179,289* Home-basedNo
* Included in Asking Price
*Ideal space and location for a start-up microbrewery!*  

With a newly reconstructed downtown main street and an imminent Trans-Canada highway expansion, the time is now to invest in the town of Renfrew. Nestled in the Ottawa Valley and smack-dab in cottage country, Renfrew is an hour and a half from Algonquin Provincial Park, 30 minutes from white water rafting and one hour west of Ottawa.

After 35 years serving the community, the current owner of this distinctive 226 capacity restaurant & patio is ready to hand the reins over to the next energetic proprietor. Sale includes the building which was originally two separate lots, and has since been amalgamated into one location.

The main floor (3,288 square feet, includes commercial kitchen) is designed to offer four separate atmospheres to attract an eclectic array of clientele. The back addition boasts two beautiful dining rooms with a gas fireplace and hardwood floors while the front holds four bathrooms, a restaurant side complete with booths for family-style dining and a pub side displaying antique stain glass, brass furniture and gas fireplace.

In the summer, when business intensifies with travelling cottagers and vacationers, the restaurant expands to include a licensed front patio for outdoor dining. The side patio becomes a tropical oasis for guests replete with a 40-foot ocean mural, patio lights and small back patio.

The second floor of the property offers an additional 1,462 square footage with two separate apartments for supplementary revenue. Both with gas fireplaces, the one-bedroom apartment is 585 sq/f; the two-bedroom apartment, which was completely renovated in 2011 to an open-concept with hardwood flooring, is 877 sq/f.

Infrastructure, building, commercial kitchen, equipment and rental units are all well-maintained and meet existing codes.
Facilities:Commercial building & kitchen, two dining rooms, restaurant, bar, front patio, side patio, back patio, four bathrooms, and two apartments: one-bedroom and two-bedroom.
Competition:Other businesses exist along main street, including cafes, bistros and restaurants. Also, a Toronto investor recently purchased an historic building on the adjacent block and plans to completely renovate it for commercial purposes.
Growth Potential:Ideal place and space for a start-up microbrewery. With less investment, ability to grow by expanding shoulder and off-season activities, transforming the dining room into a dance floor, the back patio into a games area and tapping into alternative food & beverage markets such as catering and delivery.
Training/Support:Existing owner, head cook, management and experienced staff are available for transitional support.
Seller Financing:Owner is willing to discuss possible financing solutions.
Sale Reason:Owner is retiring.
Ad #110615
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