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Bar and Grille Restaurant SOLD

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British Columbia   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale

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Business Description

VENDOR FINANCING AVAILABLE FOR UP TO $100,000!!!!

Gross sales of more than $2 million and $1.5 million of assets

Cashflow of $246,000

Rare opportunity to secure a fully-fixtured, established restaurant in Kelowna, British Columbia. This modern, upscale concept that has been in operation since 2008. Features include an open-style kitchen, urban designed lounge, plasma TV's, state-of-the-art sound system, and wrap around patio with water fountains & fire pit. Also able to accommodate private functions and events, with a private dining room that has full access to a multi-media centre.

This luxury resort current occupancy is 119 indoor dining seats, 29 lounge seats and 98 outdoor patio seats.

This is an opportunity to acquire a superbly finished, tastefully decorated & fully equipped operation that is well-located with great parking and a solid market recognition.

Training/Staff

The restaurant has a fully trained staff and management team in place. The owners will provide training if desired by the buyer.

Equipment

The restaurant is fully fixtured and has been well maintained. Full equipment list can be made available.

Note: The replacement cost for the equipment and leaseholds would be $1,500,000 - $1,700,000.

Facilities: 5500sq.ft plus patio space. Located in the recreation/resort area consisting of 283 residential strata lots and a total of three commercial units. Bar and Grille Restaurant has done gross sales of approximately $2,000,000 to $2,500,000 over the last 3 years.
Great opportunity for growth as there is over 100 million dollars worth of current and proposed development in the area.

About the Business

Year Established:
2008
Facilities:
5500sq.ft plus patio space. Located in the recreation/resort area consisting of 283 residential strata lots and a total of three commercial units. Bar and Grille Restaurant has done gross sales of approximately $2,000,000 to $2,500,000 over the last 3 years.
Market Outlook/
Competition:
Great opportunity for growth as there is over 100 million dollars worth of current and proposed development in the area.

About the Sale

Reason For Selling:
Other Business Opportunities
Training/Support:
The restaurant has a fully trained staff and management team in place. The owners will provide training if desired by the buyer.
Seller Financing:
up to $100,000

Listing Info

BizQuest Listing ID:
1159105
Ad Detail Views:
192


Business Listed by
Steve Harvey
Business Finders Canada
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.