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Iconic and Profitable; Urban Seafood Restaurant
FTONCAN001-N60
Sunbelt of Fredericton
Phone: 1-866-766-1566Description
With a 47-year history of preparing renowned, fresh seafood and side dishes and an expanded “comfort-food” menu, this dine-in and take-out business is a turnkey operation with solid revenues and returns to the owner. The recipes which have built an iconic reputation for the business, will be transferred to a new owner. All equipment is in excellent condition with several new pieces added within the last 12 months and the building, in a prime location (valued at $550,000), is included with the sale. The business has a second, equally successful, operation operating under the same recognized name, also available for sale separately.
Financials
Asking Price: | $1,500,000 |
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Revenue: | ON REQUEST |
Cash Flow: | $183,000 |
Downpayment: | NEGOTIABLE |
Monthly Payroll: | ON REQUEST |
FF&E Asking Price: | ON REQUEST |
Inventory Asking Price: | $40,000 (Included in Asking Price) |
Financing Available? | Yes |
Property
Asking Price: | $550,000 (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: | 1973 |
Year Acquired: | 1973 |
Full-Time Employees: | 2 |
Part-Time Employees: | 10 |
Reason For Sale: | Retirement |