Upscale Casual Restaurant In British Columbia For Sale

Business description

Recently renovated, this restaurant features indoor seating for 150 and a glassed-in patio for 80 people. New owners may continue to grow the existing business, introduce breakfast/lunch & catering, or capitalize on the liquor license and strong alcohol revenues to promote more of a bar or lounge atmosphere. Fully functional bar in place. Alcohol license included if permitted. Fully equipped and turnkey operational. Young, modern, and upbeat interior mood. Includes $50K FF&E and $15K inventory. Located in central British Columbia, near a motel and an 18-hole golf course, with new condos being built nearby.

Property information

Real Estate:

Lease

Lease terms:

The building is owned by the restaurant owner and they would like to lease the building to the new owner. There is the ability to negotiate a lease that will work for
both parties.

Leasehold rent:

$Negotiable per annum

Location:

The business serves a busy metropolitan area.

Premises details:

This business has indoor seating for 150 people and features a glassed-in patio that seats 80 where customers can relax and watch all of the water activity and wildlife while they dine.

Size in square feet:

5,868

Business Operation

Expansion potential:

The new owner could introduce a website and put in place advertising features to generate more interest.

Competition / Market:

The restaurant is located in an area that has the best views and scenery in town. There is high customer loyalty among repeat customers and business is continuing to grow.

Reasons for selling:

The owner would like to pursue other business interests.

Trading hours:

After 4:30 PM Monday-Friday

Employees:

24

Years established:

1991

Other information

Support & training:

The owner is willing to provide support and training for new owner during transition period.

Furniture / Fixtures value:

$25,400 (included in the asking price)

Inventory / Stock value:

$12,640 (included in the asking price)