Business Overview:
This neighborhood restaurant and market has a hip vibe, known for its superb scratch-made food and second-to-none hospitality. Dine-in and take-away services all dayparts, wherein regular customers enjoy meals and pastries in-house and also shop for prepared take-and-bake meals and groceries to-go. The market is stocked with a curated selection of grocery essentials, sourced mainly from small-batch and local producers.
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Property Features and Assets:
The business is located in a leased facility in the down-town core with 1,980 square feet. Ample parking (on street and adjacent parking lot).
Assets = $96,067
Market Competition and Expansion:
According to IBISWorld, the restaurant industry is expected to continue growing over the next five years as consumer spending strengthens. Consumer spending is expected to increase an annualized 1.9% over the five years to 2027. Rising health consciousness and ethical consumerism will present industry operators with ongoing opportunities to reach niche markets with premium products to increase profitability and revenue. The industry will also likely benefit from growth in the number of high-income earners.
Reason for Selling:
Owner is relocating.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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