Restaurant For Sale
Location: Canada -> Newfoundland -> St. John’s
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Beautiful casual fine dining restaurant located in the heart of booming downtown St. John’s, NL. Specializing in seafood, pastas and steaks. Operating for 10 years with sales increases for the last 9 years. Seating for 56 people with a wine selection of over 500 bottles. Current lease signed for the next 5 years with option for 5 more years. Lease rate very competitive in busy downtown core.Very profitable with large regular clientelle as well as a busy business and tourist trade. Get in before the next wave of the oil boom! Contact for more information on this Restaurant for sale.
Financials
Asking Price Range: $500K – $1.0M
Gross Revenues: $670,000
Cash Flow: $120,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $75,000
Seller Financing: No
About The Business
Year Established: 1997
Number of Employees: 10 – 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: 30 days training.
Reason For Selling: Other business interests.
