High Volume, Popular Restaurant
Location:
Canada
->
Manitoba
->
Winnipeg
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Very Popular restaurant for sale offering generous meal portions at affordable prices with efficient service. Reputable business with experienced staff. Located in a densely populated neighbourhood with high traffic volumes. Precise and time tested recipes. Solid cash flow. Although the restaurant industry is very competitive, the lifestyle changes created by modern living continue to fuel its steady growth. More and more people have less time to cook for themselves. The current economic downtown is also encouraging people to cut back on food bills. The business is well positioned for the current interest in generous portions at moderate to low prices. There has been an increasing trend in North America towards consumerism, a trend that is reflected in more people eating away from home, the increased consumption of home-style food choices, and the use of convenience foods. The business has potential to expand by offering catering and food-to-go services.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$2,952,000
Cash Flow:
$399,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1900
Number of Employees: 1 - 3
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: The existing owners would be available for three months to train the purchaser and help ensure a successful transition.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700108809
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