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Thriving Breakfast and Lunch Restaurant in Prime Location

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Complete NDA for Full Overview

Price: $119,000

Annual Revenue: $320,000

Minimum Equity Required: $50,000

SDE: $55,000

Location: Nova Scotia

Industry: Restaurants

ID: 1387

Status: New

Description

Step into a rare business opportunity with this breakfast and lunch diner loved by the community, strategically situated in a high foot traffic area.

With a capacity to seat 66 patrons and a charming outdoor patio, this spot is a favorite all year round. Featuring a warm, inviting atmosphere, this restaurant offers an optimized layout that accommodates both cozy corners for quiet mornings and spacious seating for busy lunch rushes.

Key features:
- A fully-equipped kitchen allowing for high-efficiency operation.
- A turnkey operation with trained staff in place, ensuring a smooth transition for new ownership.
- Profitable financials with significant growth potential through expanded hours, menu offerings, and opportunity to include delivery options.

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

Annual Revenues and Seller's Discretionary Earnings, with year end November 30
2023
Revenue: $320,000
SDE: $55,000

2022
Revenue: $275,000
SDE: $40,000

2021
Revenue: $255,000
SDE: $90,000

* 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 property is leased. Municipal services for water and sewer are used.

*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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