Restaurant Business For Sale in Halifax, NS (Listing ID: 2207)
Tagged Keywords
Award Winning Bistro (under agreement)
Local, trendy, and hip, very few would suggest this operation is not an award winning bistro,
Highlights:
- Open just 43 hours per week.
- Lunch and Dinner services with weekend brunches
- Seating for approximately 70 = an intimate experience for guests
Financial Information (CAD)
Revenues from $925K to $1.03M over the past 4 years.
Additional $24K in rental income, which could also be increased.
SDE's have ranged from $146K to $214K over the past 4 years.
There is an additional $50K available should a duo look to take over the operation
Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.
Minimum Equity Required
$150,000
Real Estate
$6000/month for the remaining 2 years, starting March 2020.
The premises includes 3 rental apartments, one of which is a 2 bedroom unit currently used as an office.
Price
$379,000
This listing is currently under agreement
Halifax, NS Restaurant Business For Sale Details
Sorry, this listing is no longer available.