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Top Rated Mediterranean Restaurant
Location: Canada -> British Columbia -> Cranbrook
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Business description
This small 42-seat fully licensed restaurant is well established and highly regarded as the top spot by locals and visitors alike. It features an open kitchen layout and is the perfect business for a working couple!

Currently run on a five-day-scedule with dinners only, therefore has growth potential. Additional business income through an established catering service to up to 200 people

Property information
Real Estate: Lease
Lease terms: Triple net lease in place until April 2018 with a 5-year extension clause
(A new lease agreement would need to be signed by the buyer at time of takeover)
Leasehold rent: $12 per sq ft per annum
Location: Located on one of the busiest intersection in the city along Hwy 93/95
Lots of free parking available
Across of the biggest mall in the region
Premises details: Located in a one-storey mini mall with three other businesses and shared parking lot
Size in square feet: 1,200

Business Operation
Sales revenue (2015): $307,744
Expansion potential: Expansion potential includes Lunch business, 7-day/week operation
Competition / Market: Lots of chain- and fast food restaurants in town, no other mediterranean fine dining in the region
Trading hours: Wednesday - Sunday, 5-9PM
Employees: 5
Years established: 12

Sale Price: $109,500
(Turn-key: Furniture / Fixtures and related inventory,Signage, Websites. / Food, Liquor Stock extra)

Other information
Support & training:
Ongoing training and support is available and negotiable to buyers needs in order to succeed


Financials

Asking Price Range:  < $250K
Gross Revenues:   $320,000
Cash Flow:   $100,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $70,000
Seller Financing:  No

About The Business

Year Established:  2005
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Ongoing as needed




Print Listing Id: 700313355
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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 > British Columbia Businesses For Sale > British Columbia Franchises For Sale



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