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Take-out Restaurant In North Bay For Sale

North Bay, Ontario, Canada
Asking Price:
$175,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$400,000 (CAD)
Cash Flow:
$200,000 (CAD)

Traditional Fresh Cut Fry and Burger Joint. This is a small and manageable operation and is presently owner operated and closed from Thanksgiving to end of February. The owners spend their winters away. It is located in a transient hub surrounded by a huge residential and commercial business area. It could justify being open during the winter if preferred. Only during the past 5 years has it been closed during Oct.-Feb. The owners are ready to retire. Interestingly, this little eatery thrived during the pandemic and is on tract to hit $400,00.00 in revenue by the end of the season. These are high margin sales and this location can afford to pay several employees with lots left at the end. We have always followed the owner-operator model and this business has served us well. The reviews are good. There is an updated Silverware operating Point of Sale System and all of these sales are take-away during COVID19----although we always have seating with an open kitchen view that customers race to get on a first come first serve basis. During the summer, locals love to eat at the picnic tables and enjoy our delicious soft serve. The restaurant is in very good order. There is a franchise equivalent daily operating system in place to ensure you are set up for success. It is located in the same building next to the corner store that all of the locals have frequented for over 45 years. This location is rented and the lease is favorable.

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

Property Information

Real Estate:

Lease

Lease Terms:

1 year left on lease. we can help secure a longer term lease if so desired.

Leasehold Rent:

$22,000 (CAD) per annum

Living Accommodation:

Room is available to create a living space in the rear of the restaurant.

Location:

The business is located at a busy intersection/wickstead and mountain view dr.

Premises Details:

Store front space as well as backroom with lots of room to do catering and prep

Business Operation

Expansion Potential:

Hit the Spot has a great name and reputation. This business could have multiple locations with the right management.

Reasons for selling:

Retiring and helping our children with future projects

Trading hours:

11am to 8pm

Employees:
6
Years established:
22 years

Other Information

Support & training:

Support and training will be provided/the extent of training will be such that we will help until the new owners feel comfortable with the daily routine

Financing available:

With a percentage down and a qualified buyer we can help finance for a monthly payment and reasonable interest rate.

Furniture / Fixtures value:
$125,000 (CAD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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