MergerPlace

Successful Landmark Restaurant

Manitoba


  • Asking Price: $250,000
  • Gross Income: $193,296
  • Cash Flow: $62,668
  • Real Estate: $110,500
  • Inventory: Not Disclosed
  • FF&E: $84,986
  • Listing ID: #205033
  • Established: 2009
  • Employees: 1 FT/ 2 PT

Business Description

Successful profitable family restaurant is a landmark destination in southern Manitoba. The restaurant is known for excellent service and food quality. The current owners have run the business for the past 10 years with a small staff. The restaurant building of approximately 1,800 sq. ft. is included with the sale along with the land and the Real Estate value comprises $110,500 of the total listing price.
The town of Gretna is just north of the Canada - US border. The broader area within 45 minutes has over 13,000 people and the town is 90 minutes south of Winnipeg. Cross border patrons remain significant. The building has been completely updated with a full new kitchen, new A/C, new roof, security doors forced air gas furnace and 400A electrical service.
The property being sold with the Restaurant includes a development lot on the south side suitable for expansion or a small home build.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Manitoba

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/ 2 PT

Financial Information

Asking Price: $250,000
Gross Revenue: $193,296
Cash Flow: $62,668
FF&E: $84,986
Real Estate: $110,500
Seller Financing Available: No

Property Information

Facilities:

1,800 sq. ft. Restaurant. The building has been completely updated with a full new kitchen, new A/C, new roof, security doors forced air gas furnace and 400A electrical service.

Growth & expansion opportunities:

The restaurant has done limited advertising and promotion over the years as it is well known in the local area. However, investment in selective advertising in Southern Manitoba and North Dakota could yield positive results.

Reason for selling:

The owners are retiring.

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Gordon Schofield

Murphy Business Brokers