Amazing opportunity to own both the business and property too!

Amazing opportunity to own both the business and property too!


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.



Location

Country:

Canada

State or Province:

ON

City:

Welland

Location Zip or Postal Code:

L3B 3L1

Listing Information

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

Financial Details

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

Contact Listing Owner