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A Restaurant Where Good Friends & Great Food Come Together

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Complete NDA for Full Overview

Price: $1,050,000

Annual Revenue: $1,116,000

Minimum Equity Required: $420,000

SDE: $130,000

Location: New Brunswick

Industry: Restaurants

ID: 1243

Description

Local, trendy and serving up local food favourites and dishes from coast to coast. Their dining experience is relaxed, friendly and fun. Homemade pub food, daily lunch specials, nightly supper special, beer on tap, craft beer, wines by the bottle or glass and a substantial revenue stream from take-out and a gaming lounge.

There are approximately 112 seats at full capacity and there are 13 staff, full and part-time. Many important updates have been made including the POS, the kitchen, the dining room, and a complete renovation of the building in 2017. Much heavy lifting has been done and the business is in a great place to reap the rewards of this enhanced offering.

What does it take to make a good businesses great? We expect you'll easily agree there are many aspects about this business that are already great and little needs changing except the bank account for the daily sales to be deposited into.

We welcome any discerning Buyer looking to add to their portfolio or an experienced Manager or Chef to step up. Any hands-on engagement is sure to make a difference. The foundation currently in place supports a 4.5 star rating on Facebook and Trip Advisor.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

2020
Revenue: 1,050,000
SDE: 150,000

2019
Revenue: 1,220,000
SDE: 175,000

2018
Revenue: 1,125,000
SDE: 150,000

Operations

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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