Private Business

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**

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