Established in 1985, this 64 seat restaurant is the perfect size for a partnership to manage and very well established and profitable for a single owner/operator, to hire someone to support the needs of the day to day.
You can have your original investment back in 1 year! Example:
- $120k down and $230k financed.
- approximately $40k in payments means $135k pre tax left over.
- Cash on Cash returns in excess of 100%
There are a total of just 6 staff, in addition to the owners. The menu is quite straight forward and can easily be taught to a qualified chef.
The location of this business is ideal, in a high traffic area, shopping plaza, surrounded by many commercial and institutional operations nearby that support ongoing demand.
If you are an experienced business person or have a strong knack for entrepreneurism, there are a number of recipes that could possible be to develop a commercial offering to take to the retail scene.
Average 3 years Seller's Discretionary Earnings = $175k (trending upward)
Leased Premises - $26k per year.
1440 square feet + 250 sft for offsite storage.
Load of parking for customers.
Long term tenant of property, just signed a new 5 year term which includes an additional 5 year option.
All information in Canadian currency.
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