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Seasonal Restaurant, Great Expansion Potential
Location: Canada -> Ontario -> Huntsville
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Award winning, seasonal Muskoka fast food service serving quality, hand crafted sirloin 5oz burgers, fresh cut fries, all beef Jumbo hot dogs fresh made onion rings and more. The season opens May 1st and goes to October 31st. There are 6 employees; 4 full time (2 cooks, 2 customer service and 2 part time assistants). This is a husband and wife partnership with only one partner present to oversee the day to day operation, this owner, while overseeing this operation also runs virtually a well-established (1972) Print / Advertising company located in Mississauga. Neither partner is involved in cooking process making the business very suitable for a cook/owner operator. Annual sales for the 2020 season expectation are $160,000 - $180,000. This business, which has a prime location in Huntsville, shows its strength in the quality food, customer service, fun atmosphere and strong online presence. Its temporary downfall is that it is presently seasonal however the ultimate target is to make it year round. The property has the proper zoning for residential commercial. A survey and site plan was recently done. A rough drawing is available that includes building 2 stores with residential apartments above. This would house a full time restaurant, another store to lease and 3 apartments above, one apartment for the owner(s) and the other to rent or both rentals, This is a perfect opportunity is to grow the business into a full time, year round business with rental income. Being on the town bus route, makes it perfect for rental units with easy access for shopping or work etc.
Marketing has been done through social media, print ad, radio and word of mouth. Reviews on our social media have five star ratings.
Asking price $549.000 includes Company Name, inventory, building, equipment and land which is 150 feet x 100 feet+- Zoned Commercial Residential


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $160,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  TBD
Seller Financing:  Yes

About The Business

Year Established:  2018
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Retirement




Print Listing Id: 700351525
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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 > Ontario Businesses For Sale > Ontario Franchises For Sale



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