Successful Full-Service Restaurant For Sale

full service restaurant for sale in vancouver island, bc

Business Details

Company Profile

Listing ID: VANCOBC002-N549

Location: Vancouver Island, BC

NAICS: 722511

Industries: Full-Service Restaurant

Business Highlights

  • Strong community brand
  • Low food cost model
  • Sustainable restaurant practices in place
  • Employee contracts in place
  • Franchisable business model
  • All season business
  • Stable history of profitability
  • All equipment and kitchen in great working condition
  • Lots of parking

This popular restaurant has been in business on Vancouver Island for over 10 years. They source high-quality local products and offer delicious signature dishes that keep customers coming back.

During the pandemic, they focused on take-out orders and introduced frozen meals in order to maintain their earnings. Although the industry suffered, this business was able to withstand closures and remain profitable for the whole of the pandemic. Current revenue streams include dine-in, take-out, catering, pre-made meals, and a product line.

This is a unique opportunity to acquire a well-known, profitable restaurant and expand on the strong foundation set by the owners.

Type of Sale: Share Sale

Operational Balance Sheet Inclusive of: Furniture, Fixtures, & Equipment / Goodwill / Normal Net Working of $37,000 (Inclusive of Inventory)

BUSINESS ASKING PRICE

$537,000

Normalized Financial Summary

YEAR REVENUES SDE
PROJ. 2022 $984,000 $237,000
FYE 2021 $815,000 $206,000
FYE 2020 $770,000 $188,000
FYE 2019 $976,000 $252,000

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Vancouver Island, BC