Red Deer Family Restaurant 210,000

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  • Asking price

    Open to offers

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    Not applicable

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    Not applicable
  • Shipping & Handling

    Shipping to Canada only

  • Payment Terms

    Seller accepts Cash

  • Posted
    7 months ago
Member since July 19, 2018
Please only contact the seller if you are interested in buying or bartering for this item. Spam and fraud will not be tolerated.
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This well-known Restaurant was purchased by the current owners over 2 years ago, and since day one they have worked hard in restructuring and improving all aspects of the restaurant operations including proper food costing, the training of both cook and wait staff, establishing great suppliers all while starting a marketing program that can be adjusted and grown by new owners.

Owners( a couple) work a combined 30-40 hour work week so the business can be purchased by either a single person or a couple that is looking to operate a restaurant without working the normally long hours associated with being a restaurant owner.

This fully licensed, nicely decorated and well appointed restaurant is ideally located to take advantage of the surrounding office building clientele during the lunch hour as well as enjoying a reputation for being known as for a great place to celebrate special occasions or family outings during the evening hours.

Business at a glance:
Building Size: 3,800 Sq. Ft.
Monthly Base Rent: base = 6808.33 + 3690 NNN which includes CAM
Lease Term: Nov. 2016– Oct.2023
Deposit held by Landlord: 7600.00 Rent can be renegotiated
Financial Information: Gross Sales: $ 553,000 (2018)
Adjusted Net Income $ 62,479 (2018)
EBIDTA $108,836 (2018)