Fine Dining Restaurant Since 1976

Fine Dining Restaurant Since 1976


This restaurant is a great opportunity for anyone who loves the hospitality industry because the reputation and foundation has already been established over the last 41 years in the community. Ideal for a family or a group of partners with various knowledge in the industry. The business is continually growing, renovations have been made over the last couple of years . The owners however wish to retire and are excited to offer the opportunity to others who love this industry and wish to enter the Hospitality industry. The restaurant is equipped with moveable walls and therefore can accommodate groups from 10 to 160 people in complete privacy. The added advantage for any new owner is the already established and highly reputable name this establishment represents, not only in the community, but in Montreal since 1976. The restaurant boasts a loyal and long time staff to which clients are familiar with and respect the reputation of the high standards of the establishment.



Location

Country:

Canada

State or Province:

QC

City:

Dollard-des-Ormeaux (Montreal)

Location Zip or Postal Code:

H9B 2K4

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Fine Dining Restaurant Since 1976

Year Established:

1976

Number of Locations:

1

Number of Seats:

Over 150

Size:

4942, Square Feet

Patio:

No

Number of Employees:

11-50

Hours of Operation:

Monday to Friday - 11:30am to 3:00pm and 5:00pm to Closing Saturday - 5:00pm to 11:00pm Sundays - Closed (except for special occasions and large groups)

Reason for Selling:

Family would like to retire after 41 years

Owner Operated or Absentee Owner or Flexible:

Owner Operated

Training Provided:

Yes

Short Description:

Long standing, highly reputable seafood and steak restaurant, known for great service, high quality food and consistency.

Links

Website:

www.terramare.com

Financial Details

Asking Price:

$ 400,000 (Negotiable)

Gross Revenue:

$ 980,000

Gross Revenue Range:

$500,000-$1,000,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Value included in price?:

Yes

Asset or Share Sale:

Flexible

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

Current period to 2019 plus and additional three Five-year options

Total Monthly Rent:

$ 11,527

View as PDF

Contact Listing Owner