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Turnkey Restaurant

Description

A unique opportunity for restaurant ownership at a low entry cost. The building is approx. 1900 sqft with a meeting room and bar in the basement. It is an incredible opportunity for a buyer who wants to create his concept.

 

Located in a strong and growing tourism region and a fishing industry area close to a marina, campground and an industrial park, all this business needs to turn a strong profit is your energy and your expertise in food the industry, and sales or marketing.
Save time and energy and the start-up cost to open and build a restaurant from scratch at a fraction of the cost.

 

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 all of your questions.

Financial Information

 

** 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 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

 

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator