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Businesses For Sale   >>   Newfoundland Businesses For Sale

Restaurant For Sale

Location  Newfoundland,Canada
Asking Price Range  $250K - $500K
Gross Revenues  $930000
Net Profit / Cash Flow  $120000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1997
Number of Employees  10 - 19
Inventory  75000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  30 days training.
Reason for Sale  Other business interests.

Description  
Beautiful casual fine dining restaurant located in the heart of booming downtown St. John's, NL. Specializing in seafood, pastas and steaks. Operating for 15years with sales increases for the last 13 years. Sales in excess of 930000 this fiscal year. Seating for 56 people with a wine selection of over 500 bottles. Current lease signed for the next 5 years with option for 5 more years. Lease rate very competitive in busy downtown core.Very profitable with large regular clientelle as well as a busy business and tourist trade. Get in before the next wave of the oil boom! Contact for more information on this Restaurant for sale.


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