Regional Business Opportunity SE Saskatchewan

Posted
12 Broadway Ave, Toronto, ON M4P 3G9(View Map)
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Description

Looking for an opportunity to own a Restaurant? Tavern? Cafe? Bar? Lounge? Coffee Shop?

We have a developed "blended concept" establishment; and now have it up for sale!! It includes a completely renovated property, plus an adjoining property that has ample space for future expansion, and/or living accommodations, and/or rental suites!!!

Covid19 has hurt the restaurant industry.....Food/beverage businesses in Cities/Urban Centers have become increasingly difficult to remain operable. Large cities such as Toronto, Montreal, Winnipeg, Saskatoon, Calgary, Edmonton, Vancouver, Regina, Ottawa, etc, have lots of great hospitality operators that will not be able to continue working in those areas due to the drastic decline in market availability!!!! Our establishment is located in "Semi-Rural"; Saskatchewan, thus reducing the Covid19 effect and drastically reducing the quantity of viable competitors.

Our property services approximately 10,000 people within a 50 mile radius and has become a very popular spot for travelers. The current branding has created an atmosphere that attracts the coffee crowds/working lunches by day and the beer drinking & takeout crowds at night!! We have also implemented a successful concession component to our business in the recent past, offering summer favorites such as ice-cream and frozen drinks.

The business was started in an effort to revive and repair vacant properties within the downtown business sector. A complete assessment, building inspection and engineered review were completed to ensure that the "revived" property would be a suitable place of business for many years to come. After the structure was complete the property was furnished with high quality equipment, furniture and smallwares. All material procurement and designs were done under the guidance of a professional restaurant start-up consultant. We do not expect to get rich off of this property, but instead hope that we have developed something that a motivated entrepreneur can purchase, operate and flourish.

We have generated respectable revenues during covid crisis and project that a talented operator and/or business group could generate very strong number in monthly revenues even in these odd times. We also believe that for the right type of entrepreneur, there is even more upside potential built into the brand (other locations, franchise opportunities, ice cream/espresso trucks, etc)

Tax rates are low in our community and property is relatively cheap in comparison to urban centers. We believe the best fit to create the most success at this location is a family business operator, with experience in the industry. Food costs are measurable, payroll expenses have been reported appropriately and supply chain systems have been established to ensure new owners can take over smoothly!!!!... our books are up to date and easily reviewed by a qualified eye!

In summary

If you are a buyer wanting to own outright the details are below and the asking price can be discussed after contacting.

Includes All Assets

ice cream equip

High Velocity Turbo-Chef Pizza ovens

Rational Combi steam ovens

All refrigeration

All cleaning and prep equipment

Outdoor Smoking Equipment

POS system

Delivery truck

100 sq ft ice cream Concession trailer with associated equipment (plan to assemble for 2021 season)

Primary cafe building (1625 sq feet complete Reno 2019)

Secondary adjoining property (2 storey with 1250 sq feet per floor with potential for accommodation on top floor)

200 sq foot insulated out building

400 sq foot seasonal patio and associated tables/seating

Video Conference Can Be Established To:

Discuss Financials

Discuss operations

Virtually Tour Property

Disclose Identity of Seller (We wish to keep the advertisement confidential to prevent undue stress on the current operation, client base and team members)

Other considerations

Sellers want to sell to a buyer who has a track record of successful business operations. If the operator has credentials indicating success in the food/beverage industry we are willing to let this business go for a very reasonable price !!!! We did not start it to get rich, we started because we had the excess capital to develop a property that had the potential to attract someone awesome to our community!!!!

Sellers are willing to take less if buyers submits a proposal indicating their intent for the business modelling after sale. If it is a community minded model, that we see as valuable to our community, there may be substantial room to negotiate on price

Sellers are willing to take less if buyers are willing to offer current operating partner a low paid daytime position for 1 year (He wants whomever buys this to succeed and thrive! He loves what we built and knows that a good operator can do amazing things with it!!!)

We are also open to lease options and profit sharing arrangements

Further discussions can be arranged upon request.

214 visits
12 Broadway Ave, Toronto, ON M4P 3G9, Canada
Individual
1 listing
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