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Food & Beverage - Restaurants |
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| Asking Price |
$895,000 |
Inventory |
Not Disclosed |
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| Revenue |
$500,000 |
Real Estate |
$810,000  |
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| Cash Flow |
$123,000 |
Year Established |
1983 |
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| FF&E |
Not Disclosed |
Employees |
14 |
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Full Service Restaurant Business for Sale |
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This popular restaurant, a mainstay in Golden, serves both lunch and dinner from a most impressive menu. Where Mediterranean meets ‘AAA’ grade Alberta beef, there is sure to be a crowd. Within walking distance of three major motels, this restaurant has developed a great reputation for top-quality and authentic Greek cuisine by locals and visitors alike. A new owner could grow the business by expanding marketing initiatives and targeting new markets.
The second level residence is like new, where the latest in comfort meets up with antique charm. A new owner could use it as their home, or include it into the rental pool. In addition, by utilizing the second level guest suites for local convention business, revenue could be further expanded.
The price of the business, excluding working capital but including all fixed assets and goodwill, is $57,000 with an implied multiple of weighted cash flow of 1.9 times. The seller is selling the operational balance sheet of the business which includes the normal required working capital of $28,000, which is included in the asking price of the business of $85,000. The price for the real estate, including the restaurant, residential suite and guest suites, is $810,000 for a combined total asking price of $895,000.
For more information, please contact the Pacific broker Neil Thomson at 250.870.9094 or send an email to neil@pacificmergers.ca. |
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| Facilities and Assets: 6000 sq ft |
| Reason Selling: Retirement |
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| Business listed by: |
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Pino L. Bacinello
604.696.6111 |
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| AD # 100547 |
| The information in this listing has been provided by the business seller or representative stated above. Kazooga has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read Kazooga's Terms & Conditions before responding to any ad. |
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| Business listed by: |
Pino L. Bacinello
604.696.6111 |
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