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Waterfront Full Service Bar And Restaurant For Sale

Nova Scotia, Canada
Asking Price:
$240,000 (CAD)
Sales Revenue:
$950,000 (CAD)
Cash Flow:
$140,000 (CAD)

Popular full-service restaurant serving elevated pub food in an affluent and fast-growing community just outside of Halifax. The location offers excellent road frontage on a busy main artery and ample on-site parking. Seating capacity is 95 indoors with an additional 150 capacity licensed outdoor dining area on the waterfront perfect for hosting large special events. The kitchen is fully equipped with modern well-maintained equipment and the dining areas are beautifully decorated with no need for any upgrades. The business has a loyal customer base, well-developed menu, modern POS system and a CCTV camera system. It truly is a turnkey operation.

The business has a fantastic staff that manage almost every aspect of operations themselves. The owner does not work actively in the business. Due to the very strong market position that the business has locally, it has been successful even without a hands-on owner. The new owner would be able to take the business to the next level and capitalize on the many existing opportunities for continued growth.

The current owner works full time outside of the business and has a young family and simply doesn’t have the necessary time to dedicate to the business. The owner is willing to work with the purchaser to ensure a smooth transition.

The business is being offered as an asset sale.

Purchase Price $240,000.

The minimum equity required is 50%.

The business has averaged over $950,000 prior to even opening the outdoor dining area. Seller’s Discretionary Earnings has averaged $140,000 despite the lack of hands-on management.
By completing the NDA and becoming a qualified buyer the owner will gladly share the Offering Memorandum.

Property Information

Real Estate:

Real Property Included

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