Profitable Award-Winning Restaurant/Bar

ASKING PRICE:  $1,100,000
LOCATION:  New Brunswick

This independently owned business is a perfect opportunity for new ownership that wants the benefit of a well-established and popular restaurant/bar. Over the last 15 years this iconic eatery and bar has grown and prospered, becoming a favoured spot for locals and visitors alike. The new owner needs no prior restaurant experience to be successful; the company currently has an experienced general manager and excellent staff in place. This business generates sales revenue of $1.9 million and discretionary cash flow of $377,000. Sales revenue has grown an average of 10% annually over the past five years. The business assets, including goodwill, are valued at $1,100,000. An equity investment of approximately $300,000 is anticipated, with bank and seller financing available to qualified buyers. The transaction will be structured as a sale of shares.