MergerPlace

Established Restaurant for Sale

Newfoundland


  • Asking Price: $485,000
  • Gross Income: $1,120,125
  • Cash Flow: $254,743
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $43,751
  • Listing ID: #207187
  • Established: 1997
  • Employees: 7 FT/ 9 PT

Business Description

Popular and distinguished fine dining restaurant with a strong reputation and an established brand. Known for its exceptional service and food - including steak, seafood and pasta. Inhabits a great location that is very clean and well-appointed. Growing revenues and earnings. Great opportunity to own one of the best restaurants that Newfoundland has to offer.


Business Details

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

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT/ 9 PT

Financial Information

Asking Price: $485,000
Gross Revenue: $1,120,125
Cash Flow: $254,743
FF&E: $43,751
Seller Financing Available: No

Property Information

Facilities:

Excellent location with great visibility in a desirable and high traffic area with reasonable rent and a long-term lease.

Growth & expansion opportunities:

Opportunity to expand the business through increased emphasis on catering, lunch takeout, wedding receptions and private events.

Reason for selling:

Seller wants to retire and travel.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Sean Murphy

Murphy Business Brokers