Szechuan And Cantonese Cuisine Restaurant In Halifax For Sale

Business description

Welcome to this opportunity to acquire a well established and recognized restaurant establishment located in a key district of Halifax Regional Municipality.

This business is long known for utilizing the four Chinese cooking methods: steamed, braised, baked and fried and has a very loyal following.

Some of the key highlights include:
- Recent renovation of approximately $60k includes all new dining facility (flooring, bar, tables, chairs, exterior, signage, web-site, lighting, security, etc.)
- Dinner service only with 2 days for lunch
- 40+ seats
- 65% - 70% take-out and delivery business
- Excellent lease agreement with living quarters available. First Right / Option to purchase building

Property information

Real Estate:

Lease

Lease terms:

32 months remaining on 5 year term, 5 year option to renew. $3348/month for the entire building + utilities.

Leasehold rent:

$40,000 per annum

Living accommodation:

2 bedroom, full kitchen and bathroom. Currently not used as living quarters, only small storage. Can easily be used for residential accommodation.

Location:

- high traffic location
- student population

Business Operation

Reasons for selling:

Family reasons and other business.

Trading hours:

Operation is open 57 hours per week.

Employees:

2 FT + 2 PT, not including 2 owners

Years established:

25+

Other information

Support & training:

Available as needed.

Owner financing:

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

Financing available:

Owner will finance if necessary, based on experience of buyer and normal due diligence