Price: $650,000
Location: GTA
Industry: Restaurant and Food
Listing ID: EBB-0524-01
Listing Status: New
The restaurant is a jewel in a field of fast-food establishments that populate the area. This is a fine-dining establishment offering European menu items.
They currently have menus for breakfast, lunch and dinner. The many awards over the years are a testament to the exceptional dining experience they have created. Everything is made from scratch using fresh, high-quality ingredients.
There are other restaurants for sale in the area, but it’s a rare opportunity when the number two position is available.
Total Sales: $1,471,000
Cash Flow: $170,000
FFE Included: Yes
Inventory Included: Yes
Year Established: 1993
Days & Hours of Operation: Tuesday - Sunday
Owner Hours Per Week: 50
Employees: 26
Absentee Owner: No
Security on Lease: No
Real Estate Included: No
Franchise: No
Relocatable: No
Facilities Information: Total Useable Space 5,200, sq ft 480m2
LCBO Permits
Consisting of: Main floor 3,300 sq ft 306 m2 100 seats
Patio (estimated) 1,000 sq ft 93 m2 56 seats
Basement 900 sq ft 84 m2
Terms and Conditions?: Asset Sale
Reason For Sale: Retirement
Training & Support: Seller to provide transitional training and support
Competition: Very few fine dining competitors in the area
Financing/Terms: No vendor financing available