Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphere)

Greater Vancouver Area, BC Restaurant for sale: A casual, family-run, fine dining Italian Restaurant in a Tuscan-style atmosphere.

Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphere)


A casual, family-run, fine dining Italian Restaurant in a Tuscan-style atmosphere. This restaurant is situated very close to the affluent neighbourhoods of Point Grey, Arbutus Ridge, and Kitsilano. Established in 1988, this well established restaurant enjoys a very loyal customer base. The atmosphere is that of a calm and peaceful nature, with a piano with pianist on most nights - a unique feature to this establishment. Much of the equipment in the kitchen has been upgraded. 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: casual fine dining italian restaurant for sale, restaurant for sale in lower mainland, vancouver restaurant for sale in bc, loyal customer base restaurant in affluent area, tuscan style restaurant for sale in british columbia Facilities: - 80 Seat capacity - Liquor license - Separate bathrooms for Ladies & Gentlemen - Piano - Nice bar - Elegant entrance - Large windows with great visibility Growth / Expansion: - Serve breakfast / lunch - Add catering services - Add delivery options (ie: Skip the Dishes) - Host parties and corporate events Asking Price: $289,000 Gross Revenue: $626,000 SDE Cash Flow: $165,000 Years in Business: 1988 / 31 years Owner willing to train? Owner is willing to train. Reason for selling: Owner is retiring.



Location

Country:

Canada

State or Province:

BC

City:

Greater Vancouver Area

Location Zip or Postal Code:

V5K 1H8

Listing Information

Service Type:

Sit-Down Table Service

Title of Listing:

Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphere)

Year Established:

1988

Number of Locations:

1

Number of Seats:

51-150

Size:

1500, Square Feet

Number of Employees:

11-50

Growth or Expansion Opportunities:

- Serve breakfast / lunch - Add catering services - Add delivery options (ie: Skip the Dishes) - Host parties and corporate events

Reason for Selling:

Owner is retiring.

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Links

Website:

https://businessfinderscanada.com/listing/casual-fine-dining-italian-restaurant-with-tuscan-style-atmosphere--833

Financial Details

Asking Price:

$289,000

Gross Revenue:

626,000

Gross Revenue Range:

$500,000-$1,000,000

EBITDA Range:

Under $100,000

SDE (Sellers Discretionary Earnings):

$165,000

SDE Range:

$100,000-$300,000

Asset or Share Sale:

Flexible

Lease Term Remaining:

Expires in October 2020 with a 5-year option

Total Monthly Rent:

$6,974

Contact Listing Owner