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Large Restaurant Space In Chinatown
Location: Canada -> British Columbia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Confidential listing

Chinatown is releasing a fantastic Class 1 Restaurant with profitable numbers. Just under 3,000 sq/ft of operational restaurant space and a large basement area for storage. The net rent comes under $8,500 per month. This restaurant comes with a decked-out kitchen, everything a chef could want, beautiful dining area with exposed brick walls, small patio area and a finished cocktail bar. Completely functioning restaurants in Chinatown rarely come up that are this good.

Serious buyers only will be given the name and location of the restaurant, once an NDA has been completed.

No demo clause during the first term of the lease.

Licensed for approximately 100 Food primary seats, that can be operated until 1AM most night, except Friday/Saturday nights where you can serve to 2PM.

Asking
$370,000 obo

LEASE
Size: +/- 3,000 square feet
Net Rent: $8,500/month
Expires: 2023
Renewal: 2 x 5 years

INCLUDES
Furniture, fixtures, leasehold improvements

For further information, please contact Shane Morck at 604 396 2074 for the non-disclosure agreement.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $9,999,999
Cash Flow:   $9,999,999
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease




Print Listing Id: 700334774
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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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