Full-Service Restaurant with Real Estate

Full-Service Restaurant with Real Estate


This is, by far, one of the best hospitality businesses worthy of investigation by either those experienced or not experienced in the sector, for 3 important reasons:

1. The business owner is not involved in day-to-day operations. It has been operated by management for many years.
2. Historical financial track record, even through Covid, has been exceptional.
3. Recent improvements and updates internally, along with a significant community project, have this business well-positioned for the future and the growth it will experience in the years to come. Let's talk so you can get a hands-on appreciation for what is to come your way.

All books and records are well-kept and up to date. There may be an opportunity for increased efficiencies with a more hands-on approach, which would include cash management, food and labour controls, etc. If you're looking for a stable and secure cash flow with some wind in your sails, this is it. Let's determine together if you're qualified to reap the rewards of this well-positioned operation.

The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.

Financial Information

Annual Revenues and Seller's Discretionary Earnings:

2023 Projected Revenues in excess of $1.75M with SDE exceeding $325k

Revenue: $1,550,000
SDE: $280,000

Revenue: $1,200,000
SDE: $190,000

Revenue: $1,080,000
SDE: $250,000

Revenue: $1,125,000
SDE: $200,000

* Please note, SDE considers a rental adjustment such that the payments are sufficient to cover $80k in annual mortgage payments, sufficient to service a $910k mortgage.

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
** Our expectations are for a minimum 35% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

Real Estate

This well-cared for and updated building is well-positioned to welcome its guests. It's prepared for the next wave of growth due to the nearby expansion in community services, which will generate a fairly significant increase in traffic in the immediate area. The +/- 6,000 sft building is situated on a .67 acre lot, which is included in the asking price, and has been recently appraised at $1.4M.

Primary heat source is heat pumps installed not more than 5 years ago. Alternative is electric baseboard.
Main source of water is municipal water supply.
Sewage disposal is also municipal.