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Restaurant for sale 210,000
$
Alberta > Central Alberta > Red Deer
n/a
access_timeMon, Mar 9, 2020
The Affordable Business Partner. Providing affordable, innovative, and personalized Business for Sale by Owner services throughout Alberta & Saskatchewan. How can we help you?
This well-known Red Deer Restaurant was purchased by the current owners over 2 years ago, and since day one they have worked hard in restructuring and improving all aspects of the restaurant operations including proper food costing, the training of both cook and wait staff, establishing great suppliers all while starting a marketing program that can be adjusted and grown by new owners.
Owners( a couple) work a combined 30-40 hour work week so the business can be purchased by either a single person or a couple that is looking to operate a restaurant without working the normally long hours associated with being a restaurant owner.
This fully licensed, nicely decorated and well-appointed restaurant is ideally located to take advantage of the surrounding office building clientele during the lunch hour as well as enjoying a reputation for being known as for a great place to celebrate special occasions or family outings during the evening hours.
Business at a glance:
Building Size: 3,800 Sq. Ft.
Monthly Base Rent: base = 6808.33 + 3690 NNN which includes CAM
Lease Term: Nov. 2016- Oct.2023
Deposit held by Landlord: 7600.00
Rent can be renegotiated
Gross Sales: $ 553,000 (2018)
Adjusted Net Income $ 62,479 (2018)
EBIDTA $108,836 (2018)
Visit The Affordable Business Partner.com
- Real Estate & Rentals
- > Businesses for Sale
- > ID 35512098
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