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Covid-19 Survivor Restaurant Business In Davao City For Sale

Davao City, Davao, Philippines
Asking Price:
$70,000 (USD)
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
Available on request

Please read before asking for more information, PLEASE !

Davao's own "home grown" eatery is on the market for a new owner.
Great business for foreign national as it comes complete with four bedroom large upstairs air conditioned apartment. Rental for both twenty three seat eatery (375sqm)and upstairs residence (375sqm) as of January 2020 is P35,777.28 or currently at USD $699.15 monthly. You could not rent a four bedroom apartment/house in Davao for that kind of money let alone a restaurant space.
Comes complete and well maintained.
Huge customer base and growing.
Great location as area will be seeing building investments in near future.
Very marketable and popular business name.
Business has been run and then managed by a Filipina and a Canadian for almost ten years.
This is a great turnkey money making business opportunity for a foreigner .
We offer to provide two months of training for new business owner.
We survived some of the harshest COVID-19 restrictions only due to location and huge customer base.
While 50% of restaurants in Davao closed permanently, we survived and thrived.
*Update; many have asked if the space the business is located in, can it be purchased?
Answer: No, we rent the business space.

The price is excellent value for a ready made, well established, fully operational, fully staffed (except for a cook, she is my wife) profitable business in the heart of the business section of the city that has a very comfortable 4 bedroom apartment. A real bargain, residence and business all in one. Close to main fish, meat and vegetable markets.

Please note that we only operate the business eight hours daily, six days a week.

So as not to waste anyone's time, please go to "Blue Carabao Eatery" on Facebook to see customers "line up" for our food.

UPDATE : We are constantly improving this business with new equipment and menu items which has resulted in increased sales which inturn makes the business more valuable.
As of January 2020, the price for this business is PHP3,600,000.00 (USD70,000.00) (AUD93,000.00) (EUR64,000.00) (GBP53,000.00) (CAD87,000.00) complete, ready to go. Cash is king, so we are very flexible on cash price.
We are will to consider financing but at P3.8M with 50% down(non refundable) and balance spread over 24 months.
Restaurant and related property stay in business seller name ,as security, until balance paid in full.


For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Year to year .

Living Accommodation:

Fully furnished four bedroom apartment with washer and dryer and cold air conditioning, very comfortable. Very large, very quiet, sound proofed.

Location:

Located in business and banking center of Davao City.
Close to future development of seashore/ wharf area.
Located next to fire, coastguard and military training schools.

Premises Details:

Twenty three table restaurant with good facilities. No air conditioning, just a four 16" fans that have provided excellent ventilation during this pandemic.
It is a buffet style, self service operation.
Kitchen is stainless steel throughout.
Good security.

Size in square feet:
316sqm restaurant area and 316sqm apartment.

Business Operation

Expansion Potential:

Delivery orders not explored along with extended hours.
Many request for branches throughout the city and surrounding cities.

Competition / Market:

None

Reasons for selling:

Developing property on another island.

Trading hours:

7am to 3pm, Monday to Saturday, closed Sundays

Employees:
9
Years established:
Ten

Other Information

Support & training:

Two months

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

50% (non refundable)down payment with balance spread over 24 months.
Business stays in seller's name along with all related property until balance paid in full.

Related Documents:
Relocatable:
This business can be relocated.

Contact Seller

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