Private Business

Kelowna, Central Okanagan District
  • casual-fine-dining-italian-restaurant-tuscan-style-atmospher-for-sale
  • kamloops_4
  • kelowna_12
  • casual-fine-dining-italian-restaurant-tuscan-style-atmospher-for-sale
  • kamloops_4
  • kelowna_12
  • Price: $ 189,000
  • Location: Kelowna, Central Okanagan District
  • Industry: Restaurant
  • Listing ID #: 5210
Details Request for Listing

Ref # : 5210

Agent/Broker $ 189,000

Description

*** PRICE REDUCTION ***
Was: $225,000
Now: $189,000


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.

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: $189,000
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.

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

Community Futures BC

Additional Details

  • Business Information
  • Contact Phone : 250-491-1111
  • Contact Details
  • Contact Name : Steve Harvey

Features

Location

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