Restaurants For Sale in 0 British_columbia

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Upscale Casual Restaurant In British Columbia For Sale

Location:British Columbia

Category:Restaurant

Asking Price:$380,000

  • Sales revenue : $1,000,000
  • Net profit : $149,000
  • Furniture/Fixtures value : $50,000
  • Inventory/Stock value : $15,000
  •  Upscale Casual Restaurant In British Columbia For Sale

Business description

Do you enjoy the restaurant industry? Perhaps you are a chef. Here is an opportunity to make a lifestyle change to beautiful British Columbia without compromising your income. Reap the benefits of this very profitable, high profile restaurant that is open evenings only. Average 5-year revenues are impressive, exceeding $900K with a weighted SDE (seller’s discretionary earnings) of $140K. Current owner works part time. Located near an 18-hole golf course with stunning views of the river, this is an upscale casual dining experience featuring indoor seating for 150 and a glassed-in patio for 80. Established since 1991, this restaurant caters to local clientele as well as BC’s rich tourist industry. Fully equipped and turnkey operational. Young, modern, and upbeat interior mood. Fully functional bar and alcohol license in place. Includes $50K FF&E and $15K inventory and attractive website. All staff in place, owner will provide training. Some seller financing is available. New owners may choose to operate the business as is, or further increase profitability by introducing breakfast, lunch and/or catering. Another option is to capitalize on the liquor license and strong alcohol revenues to promote more of a bar or lounge atmosphere. The business is located in a city with dry warm summers and short, mild winters creating one of the most desirable climates in the Canada. For more information on this and other business opportunities, please contact Michael Naprawa at * * *** or email [Email Censored]

Other Information

  • Real Estate: Has indoor seating for 150 people and features a glassed-in patio that seats 80 where customers can relax and watch all of the water activity and wildlife while they dine. 5,868 sq ft.
  • Competition: This restaurant stands out in the competition because of it\'s location. It\'s in an area that has the best views and scenery in town. There is high customer loyalty among repeat customers and business is continuing to grow.
  • Expansion: The new owner could introduce a website and focus on marketing.
  • Years Established: 1991
  • Employees: 24
  • Trading Hours: After 4:30PM Mon-Fri
  • Support Training: The owner is willing to provide support and training
  • Reason For Selling: Owner would like to pursue other business interests.
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