This busy family restaurant will appeal to a buyer seeking a food service opportunity, supported by one of Canada's top franchises. It is strategically located at the heart of the city's busy retail district, ensuring great visibility and traffic count. The area serves as the major shopping destination, is surrounded by residential neighborhoods and is in close proximity to growing suburbs. Because it is located in a busy shopping district, the restaurant attracts customers from a wide geographic area. This attractive business generates $875,000 annually. After running the restaurant since its inception, the current owners are now ready to move on to other challenges.
The restaurant operates from leased premises, and features a dining area that can accommodate 94 patrons. Dine-in customers represent approximately 70% of the business, while take out & delivery make up the balance. This award winning restaurant has been recognized as one of the best in the chain. Acquisition of this business offers an excellent opportunity to purchase an attractive family restaurant that is part of a respected and popular franchise.
The fixed assets and goodwill of the company are valued at $295,000 plus inventory. The shares are offered for sale at approximately $185,000 based on the balance sheet dated September 30, 2012. The final sale price for the shares of the company will be determined at time of closing after adjusting for current assets including accounts receivable & inventory, current liabilities and taxes existing at that time. A buyer should anticipate a minimum equity investment of approximately $60,000, depending on the financing structure chosen. The transaction will be structured as a sale of shares.
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