Seller's Contact Information
- RE: Popular Cabot Trail Market & Restaurant
- Contact: Mark Pothier
Quick Facts
Asking Price: | $1,200,000 | |
Annual Revenue: | $1,324,031 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $129,196 | |
Total Debt: | Not Disclosed | |
FF&E: | 200,077 | |
Real Estate: | $850,000 | |
Year Established: | 1986 | |
Employees: | 4 | |
BBN Listing #: | 9694955 | |
Broker Reference #: | 9201-17755 |
Business Overview:
Community hub and food market, restaurant, and confectionery (ice cream!) shop. Located along the world-famous Cabot Trail, Cape Breton, Nova Scotia. Everyday items: grocery, snacks, health care, giftware and a focus on locally sourced products can all be found. Eat in or take out restaurant is also located on the same level within the market. On the lower level is an ice cream parlor/candy shop that operates seasonally.
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Property Features and Assets:
The market is well located right on the main artery serving the community, on land about 21,000 in square feet and housed in a 5,000 square feet (2,500 square feet per floor) building, approximately 35 years in age. The building itself has seen many upgrades and leasehold improvements over time, the last one less than a year ago, so the facility is in excellent condition. Assets = $1,111,384
Market Competition and Expansion:
The market is the hub of the community. Beyond that it would be the local service station. There is a multi million residential development currently under construction around Cape Smokey, the local ski resort. The resort, which has international backing, is developing both summer recreational infrastructure along with improving the winter skiing facilities. The residential construction portion is a multi-year, multi phase, development currently underway.
Reason for Selling:
Owner wishes to retire.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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