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Casual Diner Second Generation Restaurant

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Complete NDA for Full Overview

Price: $300,000

SDE: $0

Location: New Brunswick

ID: 1269

Status: Off Market

Description

A unique opportunity for restaurant ownership at a low entry cost. The building is approximately 1,900 sq ft with a meeting room and bar in the basement. It is an incredible opportunity for a buyer who wants to create their concept.

Located in a strong and growing tourism and fishing region, this restaurant is close to a marina, campground and an industrial park. All this business needs to turn a strong profit is your energy, your expertise in the food industry, and sales or marketing. Save time and energy and the start-up costs to open and build a restaurant from scratch at a fraction of the cost.

The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.

Financial Information

 

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

 

** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

 

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The building sits on approximately 6,000 sq ft of land.

*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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