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Popular Franchised Family Restaurant

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Complete NDA for Full Overview

Price: Accepting Offers

Annual Revenue: $1,700,000

Minimum Equity Required: $250,000

Location: Nova Scotia

Industry: Eating and Drinking places

ID: 1448

Status: New

Description

Location, location, location. This is what you've been waiting for! $4M or more in revenues?

Whether you are seeking an ideal Halifax, NS location for the expansion of your brand or seeking the ideal existing operation that has a clear path forward to a new level, you'll want to take a look at Smitty's of Halifax, located on Lacewood drive, just across the street from one of the most significant retail shopping districts in Atlantic Canada, Bayer's Lake.

The business and/or assets are being sold as a going concern or as a redevelopment. The choice is yours.

For over 2 decades, this well known Franchised restaurant has proven to stand the test of time, and it all comes down to value and service delivered from a wonderful staff. It offers 200 +/- seating, reasonably well-maintained facilities, and over 5,200 sft of leased space to which there is ample parking for a variety of concepts, if not to be carried on as a Smitty's.

This sale is structured as an Asset Sale. 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

Revenues ranged from $2M - $2.24M for the 5 years prior to covid, on a day time menu only with little to no alcohol sales.

Projected to do $1.785M for FY2026 (March YE)

New menu offering and concept plans from the franchise suggest sales could well surpass $2.5M with the right owner/manager in place. However, we believe that number could be much higher given:

National Average for Full-Service Restaurants (Canada): ~$400–$700 per sq. ft.
Top Quartile Performers: Often exceed $900 per sq. ft.
Alcohol-heavy venues: Often push above $1,000 per sq. ft. in peak urban locations.

Operations

Operating in a 5,205 sq.ft. of leased space in a high exposure end of a commercial community.

There are 6.5 years remaining on the current lease with 2 - 5 year renewal options, providing a total of 16.5 years.

There is an opportunity to negotiate a meaningful Tenant Allowance with the execution of a new lease agreement.

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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