Award winning & successful Neighbourhood Restaurant For Sale

Business description

JAKX is an award winning & successful neighbourhood restaurant in the Lower Mission area in Kelowna.
JAKX provide great food in a fun environment and is 12 years in business. This outstanding restaurant received 30 awards in the last ten years! JAKX is open 5 days a week and closed on holidays and has outstanding financials.
JAKX have established a loyal clientele and meeting groups with regular monthly meetings, 80% are regular guests. More than twenty service groups or clubs are currently using the meeting room “The Library” on a regular basis. Menu items include appetizers, soups & salads, pastas, sandwiches etc.
The restaurant has easy access and is located in the Mission Park Shopping Centre with free parking. It is well layout and very clean, well equipped and organized restaurant. Total seating is 225 with the meeting room offering seating for 60 and also licensed patio with 80 seats and a view. Great Landlord and a low lease rate of only $12.00 per sq. ft. The equipment is in an excellent working order. All staff in place and well trained. The staff really enjoys working in this fun environment. The owners are prepared to train the new owner.
Increase revenue by implementing the following ideas: open seven days a week and on stat holidays, expanding catering, open for breakfast, theme nights, wine features all year, beer features in summer, New Years party or special menu, boxing day brunch or charge for private meeting room.

Property information

Real Estate:

Lease

Lease terms:

Term of 10 years commencing 1/08/1999 ending 31/07/2009. $12.00 per sq ft for 6 years through 9 commencing August 1, 2004, monthly installments of $3,690.00 and $13.00 per sq ft for year 10 with monthly installments of $3,997.50

Location:

The restaurant has easy access and is located in the Mission Park Shopping Centre with free parking. Block away from Okanagan Lake.

Other information

Expansion potential:

Increase revenue by implementing the following ideas: open seven days a week and on stat. holidays, expanding catering, open for breakfast, theme nights, wine features all year, beer features in summer, New Years party or special menu, boxing day brunch or charge for private meeting room.

Support & training:

Owners will train

Reasons for selling:

Retirement

Trading hours:

5 days a week

Furniture / Fixtures value:

$172,000

Related documents:

• 
• Confidential Agreement

• 
• Feature Sheet

• 
• floorplan

Contact the seller