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Major Price Reduction: Busy Restaurant & Rental Properties
FTONCAN001-N57
Sunbelt of Fredericton
Phone: 1-866-766-1566Description
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 |
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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) |
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Building Size: | N/A |
Other
Franchise? | No |
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Homebased? | No |
Relocatable? | No |
Year Established: | 1999 |
Year Acquired: | 1999 |
Full-Time Employees: | N/A |
Part-Time Employees: | N/A |
Reason For Sale: | Retirement |