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Restaurant/Food Services Business For Sale in Halifax, NS (Listing ID: 2207)

Restaurant/Food Services

Award Winning Bistro

Restaurant/Food Services Halifax, NS

$379,000 CAD

Independent

Local, trendy, and hip.......very few would suggest this operation is not an award winning bistro, We welcome any discerning buyer looking to add to their portfolio or an experienced manager or chef to step up. Any hands on engagement is sure to make a difference. This offering has been a community favourite for many years.

Open 48 hours per week. There is a VERY easy opportunity to add in brunch, expected to add $140k in additional revenues. Seating for approximately 70 = an intimate experience

Revenues have ranged from $925k to $1.03M over the past 4 years. There is an additional $24k in rental income, which could also be increased. Sales mix is approximately 23% alcohol and balance food/non-alcoholic beverage.

COGS are 32% and labour 31% in 2018.

Seller's Discretionary Earnings 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

Includes 3 rental apartments, one of which is a 2 bedroom unit currently used as an office. Current lease is $5500/mth until March 2020, increasing to $6000/mth for the remaining 2 years, starting March 2020.

Minimum equity required=$150k

Halifax, NS Restaurant/Food Services Business For Sale Details

Legal Body

Sole Proprietor

Established In

2007

Last Year of Completed Statements

2020

Gross Revenue

$925,000

Annual Earnings

$146,000

Land/Building Included

No

Rent/Lease Amount

$6,000

% of Business Selling

100%

Reason for Sale

Personal

Financing Available

Yes

Buyer does not need to have experience owning & operating a business or franchise.

Buyer does not need specific industry experience.

Buy And Sell A Business assumes no responsibility for the accuracy of any information shown.

More From Seller (12)
Annual Return On Investment Calculator

Annual Earnings:

$146,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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