Listing Number: 10152021-712544
Description
* Rare opportunity to come to market as Centropolis has a waiting list for leasing to new restaurants.
* Replacement cost is likely above asking price
* Centropolis is the best destination for shopping and dining in Laval
* Turnkey business, consistently delivering strong sales and margins.
* Strong Franchise name.
* Chef is not central to operation as franchise procedures are well established
* Popular Venue, well established and known restaurant.
* Asking price includes inventory
* Total interior and exterior seating: over 300
* Seller Financing available depending on Buyer Profile
* Perfect opportunity for an investor as owners are willing to stay up to 1 year to run the restaurant
BUSINESS SNAPSHOT:
- The lease is currently extended by 10 years
- Procedures to run the kitchen and the restaurant are well established by the Franchisor
- Restaurant is turnkey operation, with no prior experience in the hospitality industry required
- Today the cost of building the same turnkey franchise is in excess of $1.8 million.
- The restaurant has had new renovations done recently.
- Seller Financing Available to qualified buyers
- Business has been pre-qualified by a financial institution that is willing to extend a facility to qualified buyers
- Owner is willing to stay onboard for a period of 1 year and run the business for an investor who likes to acquire the restaurant.
Call now for more details!
Listing Details
- Price: $ 1,875,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 553,364
- Total Sales: $ 3,232,457
- Location: Laval, Québec
- Inventory: $ 40,000
- FF&E: $ 400,000
- Employees: 70
- Year Established: 9
- Reason for Selling: Moving outside the country
- Category: Restaurants
