New Financing Option & Reduced Price. Restaurant with Increasing Profits in Thriving NB Town

Listing ID:
FTONCAN001-N59

Confidential, New Brunswick, Canada

Accommodation and Food Services

Listing Status: Active

Sunbelt of Fredericton

Phone: 1-866-766-1566

Description

A turnkey operation. Financing incentives now available for qualified Buyer. This established dine-in/ take-away restaurant has a history of solid revenues and delivers increasing returns to its owner/ operator. The restaurant, with high repeat business, has been operated for decades under a recognizable brand which offers a homestyle menu with consistent high-quality. Land and building valued at $200,000+ is included in the price. Systems with proven success are in place and all equipment is in excellent condition. Owner is prepared to retiring and willing to assist with transition.

Financials

Asking Price:$679,000
Revenue:$826,000
Cash Flow:$155,000
Downpayment: ON REQUEST
Monthly Payroll: ON REQUEST
FF&E Asking Price: ON REQUEST
Inventory Asking Price:$18,000 (Included in Asking Price)
Financing Available?Yes

Property

Asking Price:$207,000 (Included in Asking Price)
Building Size:N/A

Other

Franchise?Yes
Homebased?No
Relocatable?No
Year Established:1969
Year Acquired:1969
Full-Time Employees:N/A
Part-Time Employees:N/A
Reason For Sale:Retirement