Business Summary

Central Alberta
Family Restaurant & Lounge
Investment Level: 1,375,000 (Plus inventory)

My client has decided to move out of province to be closer to family and is now searching for a successor for his very busy Restaurant & Lounge. He has over the last 9 years invested considerable amount of time, energy, and money into
making this the place to go in this progressive Alberta Town.

New owners will inherit a fresh-looking, well branded modern establishment, that includes a brand-new patio. Business model is franchise worthy and could enjoy the same success in smaller size towns.

Owner will work with buyer to ensure a good understanding of the business and a smooth transition.

Owner day to day responsibilities allows for a good work/life balance and allows ample time focusing on improving the business. Aside from a consistent strong income, there are many additional benefits in owning this business that the owner will share with serious parties.

This business simply is a 5 Star Business from top to bottom!

Business at a glance.
Lease: New 5 year lease available.
1 owner operated business.
Sales: 2018 (1,854,000) 2019 (1,873,000) 2020 (COVID 1,279,000) 2021 (1,860,000) 2022 (2,452,000)
Seller’s Discretionary Income: 2018(361,000) 2019 (352,000) 2020 (COVID 152,000) 2021 (407,000) 2022 (529,000)

Interested parties must also complete a Buyer’s Profile & NDA prior to financial and confidential information being released. Thank you.

Property Details