Family Restaurant & Lounge For Sale

Business description

Located in the high traffic downtown area of a growing Saskatchewan city, this restaurant draws customers year round with its fine dining in a comfortable atmosphere. The restaurant is a favourite among locals and guests alike, known for its diverse menu that appeals to a wide variety of tastes at an affordable price point. The restaurant is modern and well maintained, creating a relaxing atmosphere for its patrons. Another feature is two banquet rooms that allow for private business and family functions. Excellent signage, ample parking combined with great food and service make this restaurant a destination for many.

Asking Price: $200,000 (Business), $550,000 (Land & Building)

(Note: Cash flow = Annual net income before taxes + depreciation + interest + owner draws and benefits)

This business is being marketed by Travis Kellett, Broker of Bridgepoint Business Brokers. To contact, please click on the Contact Seller button at the bottom of this listing.

Property information

Real Estate:

Real Property Included

Location:

The building is located in the downtown of the city with good access and exposure.

Premises details:

This 6,360 sq. ft. restaurant/lounge has seating for 265 people, featuring two separate entrances. The building has benefitted from many upgrades to both the interior and exterior.

Business Operation

Expansion potential:

The city services a large geographic area and is the major hub for retail, agricultural, financial, medical and education activity. Construction activity and resource exploration support continued demand and growth in the area. This combined with strong economic times in Saskatchewan favour the restaurant industry as it translates into more disposable income to dine outside the home.

Opportunity exists for increased sales by extending hours to seven days a week and possibly adding delivery service and online ordering.

Competition / Market:

The restaurant’s prime location and price point make it a dominant player in the local hospitality market. Its comfortable dining atmosphere and broad menu make it an appealing choice for a wide variety of customers.

Reasons for selling:

Owners retiring

Trading hours:

11am - 11pm Mon - Sat

Employees:

22 Part Time

Years established:

2000

Other information

Support & training:

Support training will be provided as needed.

Financing available:

Partial seller financing available