Family Restaurant with Liquor License

Category: Food and Beverage
Address: Victoria, BC
City: Victoria
State: BC
ZIP:
Full Price: $240,000
Down Payment: $120,000
Annual Gross Sales: $583,000
Adjusted Annual Profit: $139,000
Status: Sold

Additional Features:

Chinook Business Brokers is proud to present a fantastic opportunity to own a unique, turn-key restaurant in beautiful Victoria, BC. This 110 seat restaurant recently added a private banquet room and also offers an additional 70 seat patio.

The restaurant is strategically located near one of Victoria’s fastest growing neighborhoods  in close proximity to a high volume shopping center.

After 15 years of profitable operation the experienced restaurateurs have decided to retire. The business is averaging close to 600k in revenue with a return to the owners of over 100K per year. The asking price of 240k includes everything you need to start earning an immediate return on your investment including a liquor license, all furniture, fixtures and equipment, POS system and an experienced staff.

Because they are keenly interested in having the new owners succeed – the owners are also offering a qualified buyer $120,000 in vendor financing. They will also supply a full 4 weeks of training.

 

 


Do you want more information about this opportunity?

The Seller knows that to sell the business he will have to share information with the Prospective Buyer that otherwise he would prefer kept away from both the public and the other stakeholders such as employees, suppliers or customers. Because of this, we insist that any confidential information is only shared with prospective purchasers who are genuinely interested in procuring a business. To maintain the level of confidentiality necessary to complete a transaction of this nature we require that prospective buyers complete a non-disclosure agreement. By clicking agree below, you, the prospective purchaser, agree not to share anything you learn about the business with anybody other than your lawyer, accountant or other professional advisors; and you also warrant that these people will also be bound by this agreement.

You also agree that you will not approach the business owner, staff or management without the express consent of the Broker. You understand that you, the Prospective Buyer, will be held accountable for any damages to the Seller arising from the disclosure of information to any other party contrary to the agreement.

If you prefer not to complete the webform below, we understand, and ask that you download, complete, sign and forward the completed PDF document to info@chinookbusinessbrokers.ca or fax to 888-812-4109 attention Keith MacKenzie.

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