Successful Entertaining Café Shop In Downtown Kelowna For Sale

Business description

This Café shows that the owners have many years of experience in the restaurant business and live comfortably from their business. It’s a clean and extremely well organized café and has well planned systems in place; the equipment is in top condition. Anybody who steps in this business can follow the manuals and know exactly what to do. They organise live music, theme days and have many repeat customers from the business district where they are located.

The café has been at this location since 2003, it has operated under other names (Verve & Metro) and has built up a good regular client base from the local businesses, (Commissionaires, Castanet, CHBC, Astral Media, various retail outlets, many Banks & Credit Unions). The café has recently acquired many regular individuals, that come from further afield, (Westbank, Mission, Rutland) because of its reputation for quality & consistency, not only from its premium coffee & espressos, but the many in-house baked items, along with freshly made salads, sandwiches, and wraps as well as Panini and soups, with many specials of the day or week.

Current hours: Winter – 7am to 3pm M-F & Summer - 7am to 5pm M-F and 10am to 5pm Saturdays, though these are extended into the evenings and include live entertainment on some nights.
The café not only has a regular Food Primary Liquor Licence, but also a full Bar (Lounge) licence endorsement for those that wish to drink without eating. The licence is from 9am to Midnight, seven days a week for 50 seats inside and 43 on the patios.

An ideal location for year round regular guests this is the only café/bar in the downtown area located within one block and in sight of most of the night clubs and show bars Kelowna has to offer.
With a comprehensive Staff Policy and Procedure Manual, along with daily & weekly duty roster and standardised food preparation sheets, the café has become a turnkey operation and has significantly reduced the level of food cost & staff required.

Property information

Real Estate:

Lease

Lease terms:

Triple net $4.66. Year 2 of 5 year with an option for another 5 years

Leasehold rent:

$13 per sq ft per annum

Location:

Business District Down Town Kelowna

Premises details:

The food primary licence allows 50 seats inside included 10 bar seats and 45 seats on the patio’s included 10 bar seats.

Size in square feet:

1,408

Other information

Expansion potential:

Longer opening hours, more entertaiment evenings

Competition / Market:

There is a sandwich place 2 blocks further up. Two coffee shops at parallel street but they don't have a liquor licence

Support & training:

negotiable

Reasons for selling:

Other business interests require attention

Trading hours:

In sumer time:
6:00 AM - 6 PM Monday - Thursday
6:00 AM - 10 PM Friday - Saturday

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$118,000 (included in the asking price)

Inventory / Stock value:

$5,000