Business For Sale

Established Restaurant for Sale

Not Disclosed, Newfoundland

Asking Price: Annual Revenue:
$485,000 $1,120,125

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Established Restaurant for Sale Broker: Sean Murphy

Quick Facts

Asking Price: $485,000
Annual Revenue: $1,120,125
Net Profit: Not Disclosed
Cash Flow: $254,743
Total Debt: Not Disclosed
FF&E: $43,751
Real Estate: Not Disclosed
Year Established: 1997
Employees: 16
BBN Listing #: 11984955
Broker Reference #: 9201-14087

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Business Overview:

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.

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Property Features and Assets:

Excellent location with great visibility in a desirable and high traffic area with reasonable rent and a long-term lease. Assets: $43,751

Market Competition and Expansion:

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.

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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