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

Restaurant/Food Services

Award Winning Bistro (under agreement)

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,

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/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)
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Annual Return On Investment Calculator

Annual Earnings:

$146,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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