Highly Rated and Popular Cafe and Tapas Eatery

Okanagan, BC Restaurant for sale: Well established and highly popular cafe and tapas bar in the Okanagan.

Highly Rated and Popular Cafe and Tapas Eatery


Well established and highly popular cafe and tapas bar in the Okanagan. Situated only steps from the water, this establishment is a tourist hotspot in the summer months with year-round local and loyal patrons. Rated 4+ stars with over 300 reviews, this is an opportunity not to be missed and is take-over ready! Facilities: Approximately 1,600 sq ft Growth / Expansion: - Expand menu to include dinner items. - Extend hours to evening customers. Asking Price: $169,000 Gross Revenue: $813,000 SDE Cash Flow: $108,000 Inventory Included: No Inventory Value: $15,000 Square Footage: 1,600 Is this a leased space? Yes Monthly Rent: $3,260 When does lease expire? 2024 Number of Employees: 2 FT / 4 PT Owner willing to train? Owner is willing to train. Reason for selling: Owner is relocating. For more information contact Business Finders Canada: (250) 491-1111 **Any images used for this posting may not be a representation of the actual Business or Property for sale** Keywords: well established cafe for sale, tapas bar for sale in british columbia, bc tourist summer establishment, loyal following customers cafe okanagan, highly reviewed eatery for sale in okanagan



Location

Country:

Canada

State or Province:

BC

City:

Okanagan

Location Zip or Postal Code:

V1Y 1R1

Listing Information

Service Type:

Sit-Down Table Service, Catering

Title of Listing:

Highly Rated and Popular Cafe and Tapas Eatery

Number of Locations:

1

Number of Seats:

Less than 50

Size:

1600, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Growth or Expansion Opportunities:

Expand menu to include dinner items. Extend hours to evening customers.

Reason for Selling:

Owner is relocating.

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Financial Details

Asking Price:

$169,000

Gross Revenue:

813,000

Gross Revenue Range:

$500,000-$1,000,000

EBITDA Range:

Under $100,000

SDE (Sellers Discretionary Earnings):

$108,000

SDE Range:

$100,000-$300,000

Inventory Estimated Value:

$15,000

Real Estate Owned or Leased:

Leased

Lease Term Remaining:

Expires in 2024

Total Monthly Rent:

$3,260

Contact Listing Owner