Iconic and Profitable; Urban Seafood Restaurant

Listing ID:
FTONCAN001-N60

Confidential, New Brunswick, Canada

Accommodation and Food Services

Listing Status: Active

Sunbelt of Fredericton

Phone: 1-866-766-1566

Description

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
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)
Building Size:N/A

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1973
Year Acquired:1973
Full-Time Employees:2
Part-Time Employees:10
Reason For Sale:Retirement