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Asking Price$293,000
Revenue$900,000 Established2005
Cash Flow$160,000 Employees3 full, 7 part
FF&EUndisclosed* FranchiseNo
Inventory$15,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Business is stronger than ever.  The staff team is stronger than ever.  SALES KEEP GOING UP!  AND THE PRICE JUST REDUCED DUE TO OWNER HEALTH ISSUES.

The restaurant has a loyal clientele drawn from Sidney, the entire Greater Victoria area and from repeat visitors who love to frequent this attractive region from other parts of Canada and from the U.S.  

Since opening ten years ago, this international bistro style restaurant has been a successful and popular dining establishment. The current owners took over ownership and management three years ago. They have initiated significant upgrades to the kitchen and front of house as well as bringing improvements in staff morale, operational efficiency and fiscal discipline resulting in sales growth each year.  This 44 seat restaurant with additional 12 seat patio, that is open weather permitting, generates over $900,000 in revenue.  It has received a Certificate of Excellence and 4.5 points out of 5 from TripAdvisor and a 4.5 star Yelp rating.  

The restaurant is open for lunch and dinner Tuesday through Sunday.

• The Sous-Chef and kitchen crew have performed admirably in order to maintain the standards set by owner and Chef who has been unable to work close to full time. Front of house staff provide a warm ambiance providing particularly friendly and efficient service.

Everything is in place including loyal customer base, great location, staff, physical assets, recipes and systems to provide a solid foundation for long term growth and profitability.
Facilities:There have been many improvements to the establishment including the dining room being completed renovated in February, 2014; a new POS system installed less than two years ago; refrigerators and coolers recently replaced and all new highest quality cookware, dishes and flatware.
Competition:In the area where it is located, there is a high density of Asian restaurants. Therefore, this establishment with its casual European cuisine builds a welcome contrast for the population and customers. The business also wins due to its unbeatable location.
Growth Potential:Steady growth can be anticipated based on the increasing retiree population and growing popularity as a tourism locale.
Seller Financing:No
Sale Reason:Owner health issue
Ad #77908
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Contact This Seller
David Davis
Victoria Business Brokers Inc.
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