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West Coast Bar/Grill Franchise - Exploding Location & Profit

Listing was updated on: 09/04/2019
West Coast Bar/Grill Franchise - Exploding Location & Profit

Property Overview

Price/Rent PSF $ 499,000.00
Asset Type Business for Sale
Trade Type Sale
SQ. FT. Available 6,900
Date Available 09/04/2019
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Description

*** HUGE PRICE REDUCTION! *** WAS: $550,000 NOW: $499,000 This is an incredible opportunity for someone looking to own and operate a famous bar and grille franchise in the booming Lower Mainland BC. The “community of towers” on Lougheed, Austin, and Como are close to occupancy and business is exploding all around the area. This turnkey opportunity has increased sales 5 years in a row, is in a newer expansive building, and is on a high visibility/high traffic location with soaring skyline views. The cash-flow is the best in the business and the loyal customer following. The franchisor will waive the first year of royalties to assist the new owners. This is a great business for an existing group of restaurant owners interested in expanding locations or a chef entrepreneur looking to streamline the culinary experience and grow the business. Franchisor will also include a $50,000 allowance for patio and interior upgrades for the buyer. Facilities: A pristine 6,900 square foot contemporary style interior/exterior deco. All equipment is newer and meticulously maintained. With its ample seating and bursting local flavours, this is a bustling food and drink hub any time of day throughout the year. Growth / Expansion: Since this business established in this high-end location it has developed a superb reputation for great food, great fun, and great service. A huge loyal customer base has resulted. Focus on Advertising, outside sales, and digital marketing will launch & scale Expand this business with takeout services, longer hours, increased social media presence, and large group events. City: Lower Mainland Square Footage: 6,900 Asking Price: $499,000 Gross Revenue: $2,000,000 SDE Cash Flow: $252,000 Inventory Included: No Inventory Value: $40,000 Real Estate Included? No Real Estate Value: N/A Years in Business: 2009 / 10 years Owner willing to train? Owner is willing to train. Reason for selling: Owner is seeking other opportunities. For more information contact Business Finders Canada: (250) 491-1111

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