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Asking Price$950,000
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
*All prices in CAD*

Restaurant Birreria Itali.Co - Restaurant Franchise - Italian restaurant offering Italian and Mediterranean cuisine with an emphasis on tapas plates, ranging from pizzas to gourmet burgers and pasta.

PRICE / PRICE $ 950,000.00 plus inventory
Inventory: $ 30,000.00
ESTABLISHED: For 3 years
DIMENSIONS: 6977SF
HOURS: 11 a.m. to 11 p.m. - 7 days a week
CASH: All with SBL
Small Business Loan (SBL) $ 350,000.00
EMPLOYEES: 30 plus 2 owners
LEASE: 7 plus 5 plus 5
DELIVERY: Yes (Uber Eats, Skip)
SEATS: 300
TERRACE: 60
VIDEO LOTTERY: Yes (5)
ANNUAL SALES / ANNUAL SALES: $ 3,200,000
food costs about 35%
Net income from poker machines $ 140,000.00
GROSS PROFIT / GROSS PROFIT: (65%) $ 2,080,000
ANNUAL FEES / ANNUAL CHARGES:
RENT / RENT $ 174,425
CENTER / MALL CHARGES $ 226,276
PERMIT / PERMIT $ 3,000
ELECTRICITY / HYDRO $ 54,000
ADVERTISING / ADVERTISING $ 35,000
INSURANCE / INSURANCE $ 8,000
LAUNDRY / LAUNDRY $ 3000
PHONE $ 2,000
UNIFORMS $ 3,000
SALARIES / SALARIES: (employees plus two owners at 4K per two weeks) $ 1,056,536
PROF. SERVICES / PROFESSIONAL FEES $ 5,000
ROYALTIES / ROYALTIES (4%) $ 128,000
BANK FEES / BANKING FEES $ 12,000
SERVICING / MAINTENANCE $ 24,000
DIVERS / MISCELLANEOUS $ 48,000
OPERATING COSTS / TOTAL FEES: $ 1,782,237
(Based on fixed costs / Based on fixed costs)
NET RESULT / NET RESULT: $ 297,763
(Before financing, depreciation and tax / Before financing, depreciation and income tax)

The above information was provided by the owner / seller. They are to the best of our knowledge. However, we cannot take any responsibility for any error or omission. The prices mentioned are subject to change without notice.
Ad #121319
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Contact This Seller
Kailash Patel
Mercantile Realty – Les Immeubles Mercantile
514-232-5320
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