Location: Vancouver Island
Province: British Columbia
Listing ID: VANCOBC002-N549
This popular restaurant has been in business on Vancouver Island for over 10 years. They source high-quality local products and offer delicious signature dishes that keep customers coming back.
During the pandemic, they focused on take-out orders and introduced frozen meals in order to maintain their earnings. Although the industry suffered, this business was able to withstand closures and remain profitable for the whole of the pandemic. Current revenue streams include dine-in, take-out, catering, pre-made meals, and a product line.
This is a unique opportunity to acquire a well-known, profitable restaurant and expand on the strong foundation set by the owners.
Business Asking Price: $537,000
Inclusions in Asking Price: Operational Balance Sheet Inclusive of Furniture, Fixtures, and Equipment; Goodwill; and Normal Net Working Capital of $37,000 (Inclusive of Inventory)
Total Sales: $815,000
Cash Flow: $206,000
Training & Support: The Seller will provide an agreed period of training and transition to the new owner.
The Seller will provide an agreed period of training and transition to the new owner.
Potential Growth: Growth opportunities and expansion potential available in a Confidential Information Memorandum.
Growth opportunities and expansion potential available in a Confidential Information Memorandum.