Extremely Stable and Profitable Family Restaurant - Hands off ownership
Are you an individual seeking financial security and have experience in the restaurant industry? Or, are you an already established owner of one or more businesses and seeking to add a mature and stable restaurant?
This business has developed a commanding presence in its market place and has enjoyed a loyal customer base for many years. This has been made possible by developing and maintaining proven process and systems that allow the business to continually deliver exceptional food quality and service experience.
This business has been introduced to several recognized lending institutions and financing is available to qualified buyers who demonstrate business management or comparable restaurant experience.
Be sure to ask about the available buyer incentive. Thank you for your interest, we do look forward to understanding your needs.
Stability and Consistency of results is the highlight of this business.
PLEASE NOTE: Seller's discretionary earning or SDE is a common cash flow based measure of business earnings for owner-operator managed businesses. According to the International Business Brokers Association, SDCF can be determined as follows:
Start with the business pretax earnings.
Add non-operating expenses and subtract non-operating income.
Add unusual or one-time expenses, subtract non-recurring income.
Add depreciation and amortization expenses.
Add interest expense, subtract interest income.
Add a single owner's total compensation.
Adjust compensation of all other business owners to market value.
The restaurant operates from a leased premise of approximately 2,000 square feet.
The lease was recently renewed for a period of 11 years and expires on December 31, 2023.
The total lease cost, which includes all CAM, taxes, insurance, etc., is 6.9% of the 4 year average.
Non Disclosure Agreement
I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.
I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.
I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.
It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.
This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.