Busy Restaurant - Since 1850
Location:
Canada
->
Ontario
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Nestled in the heart of the Niagara Peninsula. Established as a Tavern in the 1850's and subsequently operated as a hotel until 1973, it was converted to a Fine Restaurant in 1973 and has been operating with the same owners for 33 years.
Presently operating 7 days a week from 10am to 10pm there are very few times of the year that the dining rooms do not see a steady trade. Sitting right on one of the main ski-doo trails and adjacent to several major ski resorts, the winters are always packed. In the Fall the restaurant is on one of the major ''Fall Colour'' tour routes and has become a favourite stopping point for the dozens of buses touring the area. Spring and Summer sees a steady and busy trade from the large and growing tourist and local population. In one recent day over 350 people were served in a single day.
Licenced by the Liquor Control Board of Ontario for 124 diners (and drinkers), the ambience is pure 1800's with chandeliers, large fireplace, historical photographs of precious occupants and customers and massive raw pine ceiling beams. The main lot has room enough to occupy all clients and there is room for substantial expansion for an already licensed (but not built) 48 seat outside patio.
There are 2 large apartments on the upper floor that have been recently totally renovated. This could easily be converted to a single home layout. The main floor dining and kitchen area is 6,900sq.ft. and the upstaris living area is 3,900 sq.ft. All windows have been replaced recently and the building is in excellent condition and ready for another 155 years. Listed at $975,000. Contact for more information on this Restaurant business for sale.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$700,000
Cash Flow:
$125,000
Cash Flow Type: EBITDA
Inventory: $150,000
Seller Financing: No
About The Business
Year Established: 1900
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.
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: 70039049
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