For Sale $117,000 - Restaurant
This popular food business specializes in Caribbean food, offering dine-in and take out meals as well as a retail food selection such as frozen meat and canned foods. Speciality dishes include oxtail stew, chicken roti, and jerk chicken. This restaurant boasts a loyal customer following with an opportunity to grow.
Located in a busy strip mall close to downtown Calgary in the trendy residential community of Bridgeland, this space is 1163 square feet and includes 2 exclusive parking spots behind the building. There is general parking at the front of the business. The food preparation space includes stainless steel kitchen equipment. The current lease renews in April 2019 with a 5-year renewal option.
This restaurant has been in business since 1994, with the current owner in place for 12 years. Annual revenues are $450,000 per year with dine-in and take out accounting for 60% of the business, while 40% is retail food sales. The current restaurant is open Tuesday – Saturday from 10am-6pm and currently employs 2 staff members.
This business is listed at $117,000 plus inventory, priced below recent appraised value. There is approximately $18,000 of inventory available. New owners have an opportunity to open 7 days per week, as well as to increase marketing by creating a website and implementing a social media presence.
The current owner is willing to offer a training period, including passing on current recipes.
Potential buyers may contact Ken Wither at (587) 215-2245 for further general details about the opportunity.
After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, credit rating, and liquid cash available.
Business owners or staff are not to be approached directly. To protect confidentiality, the attached picture is for marketing purposes only and not an actual depiction of the business for sale.