Business Summary

Description
Work / Life balance, National Park, Out doors active lifestyle, Great money to be made. If either of these aspects are appealing to you, then let's determine if you're qualified to acquire this restaurant operation that is already a winner and near impossible to screw up.

Located at the doorstep of a National Park, seeing + or - 500,000 visitors annually, and known to be the go-to summer vacation destination by many Maritime families, the lifestyle offers some of the finest white sand beaches, national hiking trails, world class golf, and so much more bring visitors back year after year and through the generations. Until experienced firsthand, you’ll never truly understand her beauty and tranquility.

Opening just before May long weekend and typically closes last week of October, while closed on Wednesdays, which are worth $8k per day in high season, there is much upside potential for someone who may have a different vision. Opening in April for just the weekend would provide at least $30k in additional business and there is certainly strong market demand to be open in January, February, and March, to support the ski season.

This Restaurant has become synonymous with quality food, friendly service, and island hospitality. Given its stable track record and the stability of the National Park and Summer Cottage goers, this offering provides a secure investment foundation with the opportunity for increased revenues and profitability. Experienced business operators will quickly see where the immediate and no cost opportunities exist.

The sale is structured as a sale of 100% of the authorized and issued share capital of the company. For the purposes of this offering, the price considers Working Capital to be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.

Financial Information
Historical Annual Revenues and Seller's Discretionary Earnings:
*Fiscal year-end is December 31.

2022
Revenue: $790,000
SDE: $175,000

2021
Revenue: $530,000
SDE: $95,000

2020
Revenue: $430,000
SDE: $100,000

SDE is calculated with the inclusion of a Fair Market Value rent expense of $40,000 which is sufficient to carry a mortgage of approximately $425,000. 2022 SDE of $175k is after $40k rent expense and does not consider the tips being earned by head waitress (family)

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Real Estate
The business operates from a very prominent location, situated on 16,225 sq. ft. land., providing guests and staff with over 2,500 sft of main floor space + 1200 sft of outside seating, allowing for 135+ guests to be served at any time.

There is also an updated 3 bedroom, measuring approximately 2300 sft, that has been well cared for and updated.

Water supply source is municipal water.
The property is using a septic system for sewage disposal.

2006 new construction build, the septic system was installed, servicing both the home and restaurant. It is understood the current on-site septic service is more than capable should there be a need for expansion of the business in the future.

The electrical system is more than capable of handling the business’ requirements. The property is serviced with a 600 amp feed and was installed new in 2006.

The building is complete with 2 LenX 105,000 BTU roof top units, with roof curbs, economizers, L.P. conversation kits, and electronic thermostats. Protection and security is provided by way of a state of the art Honeywell SPF10UD fire detection and suppression system, a 10-zone fire alarm control panel with a built-in digital alarm communicator transmitter (DACT) and remote site upload/download capability and security for the property and business is provided via the 12 unit video surveillance system, accessible from any internet connection.

For more information on this listing, please complete our Non-Disclosure Agreement

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