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Indian Buffet / Restaurant / Reception Hall For Sale
Location: Canada -> Quebec
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Opened in 2001, Ganesh Party Palace is a family owned and operated reception hall, buffet, restaurant, and catering service.

Reception hall:
We operate in a total of 3 large reception halls, each with a respective capacity of 300, 200 and 100 guests. Each reception hall is fully equipped with tables, chairs, chair covers, and decor in a various range of colors and styles. The largest room is in the basement of the building and the other two are newly renovated rooms on the first floor. Each reception hall has its own private entrance, bathrooms, buffet area and coat room.

Buffet:
Buffet Ganesh has been in operation since November 2010 and has since been named #1 Buffet in the city of Saint-Laurent by UrbanSpoon and one of the best Indian restaurants in Montreal. Our famous Naan bread and distinctive flavourful curries separate us from the rest. Our highly reputable service and large array of Indian and Sri Lankan dishes have gained the loyalty of our customers.
The buffet is fully equipped including 5 buffet stands, plates, dishes, cutlery, etc. as well as numerous dessert tables. Seating capacity with the buffet setup is 250.
We also use our new Naan oven and new kitchen equipment imported from India.

The restaurant and bar are both licensed.

Catering Services:
We have been catering to the Sri Lankan and now recently, to the Quebecois community for over a decade. We also supply various Sri Lankan and Indian restaurants and grocery stores with our String Hoppers and various appetizers. We do both take-outs and deliveries every day.
We also cater to events, both Indian cuisine and Western cuisine. We have catered to 1000+ guests out of our kitchen in one day.
The kitchen is fully equipped.

We are looking to sell the business or to sell half of our shares to a working partner.

Asking $799K (to sell), $300K for half the shares
514-816-0923 serious buyers only please


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $500,000
Cash Flow:   $150,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2001
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Current owners and managers will be working alongside new operators for 6 months after purchase.
Reason For Selling:  Looking to retire.

Photos

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Indian Buffet / Restaurant / Reception Hall For Sale Photo 1 Indian Buffet / Restaurant / Reception Hall For Sale Photo 2 Indian Buffet / Restaurant / Reception Hall For Sale Photo 3




Print Listing Id: 700166226
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Quebec Businesses For Sale > Quebec Franchises For Sale



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