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Popular Coastal Pub & Restaurant near National Park

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Complete NDA for Full Overview

Price: $999,000

Annual Revenue: $1,150,000

Minimum Equity Required: $300,000

SDE: $222,000

Location: Nova Scotia

Industry: Eating and Drinking places

ID: 1419

Status: New

Description

Once you've been, you'll want to go back!

Located in a picturesque coastal community of Cape Breton, this well-established pub & restaurant has been a beloved local destination for several decades. Renowned for its lively atmosphere and regular live music, it attracts both locals and tourists. They offer a diverse menu with a focus on local cuisine, including seafood. With a strong connection to the community and a reputation for great entertainment, this business is ideal for those looking for a meaningful and stable income and ROI, while enjoying all there is from a smaller town lifestyle with good ole fashioned coastal hospitality.

- Reduced expenses for a Full Time hands on owner, more for couple.
- 15 - 20 staff FT & PT during high season
- Property is in very good condition

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.

Financial Information

Fiscal Year End is Nov. 30. Please note, the following SDE calculations have been calculated with the inclusion of a Fair Market Value rent expense of $50k, which is sufficient to carry a mortgage of approximately $500,000.

2024 In-house FS from December 2023 to July 2024:
Revenues = $597k
SDE = $75k

2023:
Revenues = $1.15M
SDE = $222k

2022:
Revenues = $1.16M
SDE = $216k

* 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.

** Please refer to our Minimum Equity requirements. Our expectations are for a buyer to be "capable" of making a minimum 35% down payment on the final negotiated purchase price, to be considered truly qualified. 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 business operates from a well improved building of approximately 2,400 sft located on 1.3 acres, serviced by town septic and well water.

A total of $200k in renovations or new equipment have been completed in recent years, the property shows in very good condition and the focus can be solely on operations.

Roofing and Siding all redone in 2011, many other upgrades.
Heat Pumps for heating and cooling all done in past 3 years

Taxes are approximately $4k per year

The Land and Buildings have an estimated value of $500k.

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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