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Accommodation & Food Services

Multi-Faceted Restaurant In West Greater Toronto Area

West Grey, ON, CAN
Listed 266 days ago
Established 2018

They always keep it real. With real ingredients locally sourced from friends around the region—always fresh, never frozen. Well known for customer service. Combination full service 150+ seat restaurant with a 60+ seat patio combined with a stand alone upscale coffee shop make this a destination spot for anyone who is hungry or thirsty.

Location

Sits within a very busy office tower without the capacity of 60,000 people who work there, Since covid the numbers of attendees has gone down but its starting to climb again.

Employees

30+

Lease Terms

Lease terms are favourable

Real Estate

Lease

Trading Hours

Sunday - Thursday 11am - 9pm Friday & Saturday 11am - 10pm

Leasehold Rent

$500,000 (CAD) per annum

Premises Details

7,000 square feet - includes, restaurant, kitchen, coffee shop - does not include the patio

Support & Training

There is a complete and well trained management team in place. The owner will provide transition support

Expansion Potential

The CIM indicates many strategies to scale the business

Competition / Market

The restaurant space is crowded unless you stand alone with a quality offering and unique differentiator

Reason for Selling

Pursuing other business opportunities

Financials

Asking Price
$3.2M
RevenueMost Recent Year
$6.4M
Earnings (SDE)Last Reported
$1.0M
Assets ValueNot Included in Asking Price
$400K
Seller Financing
Not available

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