Semi Casual Restaurant and Trendy Bar for Sale in Carleton Place

Listing ID:
OTTAWON001-N1388

Eastern Ontario, Ontario, Canada

Full-Service Restaurants

Listing Status: Active

Sunbelt of Ottawa

Phone: (613) 731-9140 or 1-800-905-3557
Fax: (613) 526-0997

The following broker is assigned to this listing:

Greg Kells

gregkells@sunbeltcanada.com

Description

Opportunity to own a popular contemporary restaurant. The facility recently updated with fresh fit-ups, modern d├ęcor, and new commercial appliances. This restaurant is located in a desirable, affluent neighborhood with high traffic. This business has excellent facilities. The fair market value of restaurant equipment along with leasehold is around $205,000. There is a gross lease in place with 2 year remaining. The base rent is $2,250+HST plus CAM on an approximately 2,500 sq. ft. area. It has a liquor license with 124 seating capacity including a seasonal patio. They offer seasonal menu using locally sourced producers. They have many craft beers on tap and an ever-changing wine list highlighting interesting varietals, values, and food pairings. To explore this exciting opportunity contact Greg Kells at Sunbelt Business Brokers. 613-731-9140 ext: 225.

Financials

Asking Price:$140,000
Revenue:$395,000
Cash Flow:$140,000
Downpayment:$20,000
Monthly Payroll:$0
FF&E Asking Price:$140,000 (Included in Asking Price)
Inventory Asking Price: N/A
Financing Available?No

Property

Type:Leased
Building Size:2500 sq ft

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:2017
Year Acquired:2017
Full-Time Employees:4
Part-Time Employees:4
Reason For Sale:Alreadu busy with operating one restuarant, not enough time left to operate second one.