Land, Building & Profitable Restaurant Business – $1,795,000 OR Business Only – now $399,000
Land, Building & Profitable Restaurant Business – $1,795,000 OR Business Only – now $399,000
Don’t miss this stunning and immaculate restaurant facility on a main highway. The land, building and business are for sale. Great visibility and access. Very well-equipped kitchen which is thoroughly cleaned EVERY night! The business has been established for many years and is a favorite of both locals and tourists. The ambiance is warm and inviting. Bring your concept or continue the European cuisine it is well-known for. One of the most beautiful restaurants in town! Shows 10 out of 10. Vendor will consider selling the business only for $495,000 and entering into a Lease with a first-right-of-refusal for the Tenant to buy the land and building.
Location
Country: | Canada |
State or Province: | AB |
City: | Alberta |
Location Zip or Postal Code: | T1X 0L3 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Land, Building & Profitable Restaurant Business – $1,795,000 OR Business Only – now $399,000 |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 6,500 sq. ft., Square Feet |
Patio: | No |
Number of Employees: | 11-50 |
Hours of Operation: | Monday - closed Tuesday – Friday 11 am – 2:30 pm for lunch; then 5 – 10 pm for dinner Saturday 5 pm – 10 pm Sunday 5 pm – 9 pm |
Financial Details
Asking Price: | $1,795,000 for land/building & business OR NEWLY REDUCED PRICE OF ONLY $399,000 for business only and start a new 5-year lease |
Gross Revenue: | $1.3M - $1.6M per year since 2011 |
Gross Revenue Range: | $1,000,000+ |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
Financial Comments (include any Financing information that may be useful): | Approx. $500,000 in mortgage; assumability to be verified |
Contact Listing Owner
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