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Businesses For Sale   >>   Mississauga Businesses For Sale   

Popular Cafe Restaurant In Destination Complex

Location  Mississauga, Ontario, Canada
Asking Price Range  $250K - $500K
Gross Revenues  $930000
Net Profit / Cash Flow  $170000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1993
Number of Employees  20 - 34
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  Seller will provide solid training and transition.
Reason for Sale  Seller has other business.

Description  
In business since 1993, with no franchise royalties to pay, this independently owned cafe is known in the area for their lunch and dinner specials, a weekend breakfast menu on Saturdays and for their wonderful desserts baked right on the premises. Easily accessible with plenty of free parking, diners are either shopping in the busy upscale plaza, or they live or work in the area. It is profitable, with a steady income over $900,000 annually ($18,000 a week approximately), for many years. The restaurant is highly rated by diners on the Trip Advisor, Urban Spoon and Yelp websites. The seller is committed to doing a solid training and transition with the new buyer. The ideal buyer will have to have knowledge of food preparation, and while there is a baker on staff, some knowledge of or aptitude for baking and desserts is important. Managing a large staff is also required. If you've been looking for an established, pretty cafe restaurant to own that offers well-prepared entrees and beautiful desserts, this may be for you! The Asking Price: $299,000, includes Furniture, Fixtures and Equipment (FF&E) valued at $163,800; does not include inventory valued at $5,000.


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