Major Price Reduction: Busy Restaurant & Rental Properties

Listing ID:
FTONCAN001-N57

Central New Brunswick, New Brunswick, Canada

Accommodation and Food Services

Listing Status: Active

Sunbelt of Fredericton

Phone: 1-866-766-1566

Description

This business is priced far below its valuation and has remained busy with take-out during COVID-19 restrictions however the owner needs to sell. Located one hour from the capital city, this is a multi-faceted business enterprise including a family restaurant, recognized for high-quality homestyle cuisine and a bakery and a full-rented small business space. The restaurant has a banquet and catering space. In a fully serviced town, the restaurant and rental properties are located on the Main Street and currently open 6 days per week; it has a loyal clientele. This is an opportunity for an owner/ operator; financing options are available. Owner needs to sell immediately.

Financials

Asking Price:$325,000
Revenue:$890,000
Cash Flow:$96,000
Downpayment: ON REQUEST
Monthly Payroll: ON REQUEST
FF&E Asking Price: ON REQUEST
Inventory Asking Price: N/A (Included in Asking Price)
Financing Available?Yes

Property

Asking Price:$310,000 (Included in Asking Price)
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1999
Year Acquired:1999
Full-Time Employees:N/A
Part-Time Employees:N/A
Reason For Sale:Retirement