A great opportunity to become a sole proprietor of this profitable family-owned business that continues to serve breakfast, lunch and dinner since 1947 to a loyal clientele. The Blue Star Restaurant boasts numerous income streams including a busy take-out, event catering and dining room with a fully equipped commercial kitchen. The licensed dining room seats approximately 100. The diner is under renovations, transitioning to a private event area. The spacious kitchen features 3 walk-in coolers, 1 walk-in freezer, stainless dishwasher, 25 ft. hood, grills, fryers, convection ovens, commercial mixers, scales - the list goes on. Large basement, excellent storage and parking. Conveniently located at the intersection between King St. and Ontario St with new developments under construction. This Property Is A 5-Minute Walk to the Welland Canal and a 3-Minute drive to downtown and Merritt Island.
Country: | Canada |
State or Province: | ON |
City: | Welland |
Location Zip or Postal Code: | L3B 3L1 |
Service Type: | Sit-Down Table Service, Catering |
Title of Listing: | Amazing opportunity to own both the business and property too! |
Year Established: | 1947 |
Number of Locations: | 1 |
Number of Seats: | 51-150 |
Size: | 8,000, Square Feet |
Patio: | No |
Number of Employees: | 11-50 |
Hours of Operation: | Hours: Tuesday 9a.m.–7p.m. Wednesday Closed Thursday 9a.m.–7p.m. Friday 9a.m.–7p.m. Saturday 8:30a.m.–7p.m. Sunday 8:30a.m.–7p.m. Monday 9a.m.–7p.m. |
Growth or Expansion Opportunities: | Yes. |
Reason for Selling: | Retirement. |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Asking Price: | $1,400,000 |
Gross Revenue Range: | $1,000,000+ |
EBITDA Range: | Over $300,000 |
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: | Real Estate Owned |
Real Estate Value Included?: | Yes |