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Turn Key Restaurant

C$ 367 000  
  • Listing type: 
    Sale of an established business
  • Business status:
    Running
  • Revenue (per month):
    C$ 98 333
  • Cash Flow (per month):
    C$ 14 167
  • Payback period (years):
    2.1
  • Established in:
    1991 (business age in years 35)
  • Employees:
    12
  • Type: 
    Owner
CA565442
09.05.2024 at 06:45   Last verified: 23.09.2024

Business description

For Sale: Well-Established, Turn Key, Profitable Restaurant in South Nanaimo

Location: University District, South Nanaimo

Overview: A beloved local favorite for over 30 years, this restaurant offers amazing pizza, pasta, burgers, and more. Situated in the bustling university district, this turn-key operation is newly renovated and fully staffed.

Key Features: -
Cuisine: Pizza, pasta, burgers, and more -
Seating Capacity: Dining room seats 50, plus patio seating -
License: Food primary liquor license -
Sales: Over $1,000,000 in annual sales -
Service: High volume takeout and delivery -
Potential: Room to grow by opening for breakfast and lunch -
Visibility: Great street visibility

Highlights: -
Renovations: Newly renovated interior -
Staffing: Fully staffed with experienced team -
Equipment: Fully equipped kitchen and bar -
Clientele: Established customer base with strong local following

Reason for Selling: Owner is moving forward with other interests.

Opportunity: This is a perfect opportunity for someone looking to take over a well-established business with a strong foundation and significant growth potential.
Feel free to contact for more information.

05.09.2024: The listing has been checked. In stock.

  • Business Features:
    • With tangible assets
  • Units:
    Operating business, Staff, Tangible assets, Intangible assets, Other assets, Training and support

Geography and location

Transaction terms

  • Price:
    C$ 367 000

Financial information

Monthly averages:

  • Cash Flow (per month):
    C$ 14 167
  • Revenue (per month):
    C$ 98 333

Ratios:

  • Price/Revenue:
    0.3x
  • Price/Profit (payback period in years):
    2.1x

Corporate issues

  • Legal form:
    Private company
  • Number of owners:
    1
  • Share for sale:
    Entire
  • Reason for selling:
    Relocation

Staff

  • Number of employees:
    12
    • The owner is not actively involved in the business

Characteristics of tangible assets

  • Tangible assets and working capital included in the asking price:
    • Equipment
    • Inventories
    • Furniture

Characteristics of intangible assets

  • Appraised value:
    (included in the asking price)
    • Licenses
    • Certificates
    • Customer database
    • Software

Training and support

  • Help and support the seller is ready to provide:
    • Training and consultations
    • On-the-job training

Contact the seller

Please be as specific as possible. The seller usually wants to know:
- Do you have the funds for the purchase?
- What is your time frame for the purchase?
- What is your experience?

Seller's contact details

  • Type:
    Owner

Contact the seller

Please be as specific as possible. The seller usually wants to know:
- Do you have the funds for the purchase?
- What is your time frame for the purchase?
- What is your experience?

Seller's contact details


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