Top Rated Mediterranean Restaurant

Listing ID: 700313355

Listing Title: Top Rated Mediterranean Restaurant

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: Canada

State / Province: British Columbia


City: Cranbrook

Asking Price Range: < $250K

Gross Revenues: $320,000

Cash Flow: $100,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2005

Number of Employees: 4 - 5

Business Description:
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

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