Café Restaurant for Sale in St. John’s Newfoundland.
Café Restaurant for Sale in St. John’s Newfoundland.
We are unique, independent restaurant that provides top quality coffee and freshly made food in a warm welcoming space. Perfect for the right single or couple who want to earn a living while enjoying the Canadian East Coast lifestyle. We are located in a 130-year-old corner store at the foot of the Signal Hill National Historic Site, where the North Head trail begins and ends, which sees 35k hikers/year. We have seating for 40 indoors, and a further 35 on our 2 outdoor patios, with a walkup window for hikers and dog walkers. We are visible from several main streets with a small park across the road. We have a spectacular view over St. John’s Harbour, and our address is #1 Duckworth St. We serve approximately 80,000 customers per year, with a peak around Aug 1 and a trough in January. We are open 7 days/week, 8am-5pm (9pm on music nights). Our Mission is: 1. To have satisfied customers 2. To have happy employees 3. To support our community 4. To run a profitable business 5. To help sustain and improve our environment To achieve our mission, we emphasize Customer Service, Quality and Continuous Improvement. Our primary customer demographics are our Neighbors, Coffee Lovers, Hikers & Dog Walkers, and Tourists, and at any given time of year at least 2 of these groups are active. Our business is segmented into Coffee & Tea, Food & Catering, Alcohol & Cold Drinks, and Merchandise & Events.
Location
Country: | Canada |
State or Province: | NF |
City: | St. JOhn's |
Location Zip or Postal Code: | A1C1E3 |
Listing Information
Service Type: | Counter Service/Fast Casual |
Title of Listing: | Café Restaurant for Sale in St. John’s Newfoundland. |
Year Established: | 9 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 1600, Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Hours of Operation: | 8-5 Sun-Tues 8-9 Wed-Sat (music) |
Growth or Expansion Opportunities: | Potential owner apartment in same building. |
Reason for Selling: | 2nd Career. Time to move on. |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Links
Link to Facebook Page: | https://www.facebook.com/thebatterycafe |
Link to TripAdvisor Review Page: | https://www.tripadvisor.ca/Restaurant_Review-g154964-d10445467-Reviews-The_Battery_Cafe-St_John_s_Newfoundland_Newfoundland_and_Labrador.html |
Website: | www.batterycafe.ca |
Financial Details
Asking Price: | $200000 |
Gross Revenue: | $1M projected for 2025 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment): | 150000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $25000 |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Flexible |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | 3 years |
Total Monthly Rent: | $3040 CAD |
Financial Comments (include any Financing information that may be useful): | The Café is incorporated with one sole director and has carried itself with no capital injection since 2017. All profits have been reinvested in the business. We maintain minimal inventory and our cash flow is strong, with $0 debt. Net Profit has hovered around 0-2% since 2020. The owner is now mostly absentee - increased profitability requires full-time owner engagement. |
Contact Listing Owner
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