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Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphe

Listing was updated on: 01/25/2020
Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphe Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphe Casual Fine Dining Italian Restaurant (Tuscan Style Atmosphe

Property Overview

Price/Rent PSF $ 225,000.00
Asset Type Restaurant
Trade Type Sale
SQ. FT. Available 1,500
Date Available 11/26/2019
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Description

A casual, family-run, fine dining Italian Restaurant in a Tuscan-style atmosphere. This restaurant is situated very close to the affluent neighbourhoods of Point Grey, Arbutus Ridge, and Kitsilano. Established in 1988, this well established restaurant enjoys a very loyal customer base. The atmosphere is that of a calm and peaceful nature, with a piano with pianist on most nights - a unique feature to this establishment. Much of the equipment in the kitchen has been upgraded. For more information contact Business Finders Canada: (250) 491-1111 **Any images used for this posting may not be a representation of the actual Business or Property for sale** Keywords: casual fine dining italian restaurant for sale, restaurant for sale in lower mainland, vancouver restaurant for sale in bc, loyal customer base restaurant in affluent area, tuscan style restaurant for sale in british columbia Facilities: - 80 Seat capacity - Liquor license - Separate bathrooms for Ladies & Gentlemen - Piano - Nice bar - Elegant entrance - Large windows with great visibility Growth / Expansion: - Serve breakfast / lunch - Add catering services - Add delivery options (ie: Skip the Dishes) - Host parties and corporate events Asking Price: $225,000 Gross Revenue: $626,000 SDE Cash Flow: $165,000 Square Footage: 1,500 Is this a leased space: Yes Monthly Rent: $6,974 When does lease expire: October 2020 with a 5-year option Years in Business: 1988 / 31 years Number of Employees (FT / PT): 20 Owner willing to train? Owner is willing to train. Reason for selling: Owner is retiring.

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