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Rewarding Fine Food Restaurant For Sale
Ottawa, Ontario
Asking price $: 210,000
Sales Revenue $: 504,000        Cash Flow $: 115,000
Business Description

Grab this highly rewarding business venture that is a profitable rustic-looking fine dining restaurant seated at the heart of the entertainment city of Ottawa. This company has been earning a huge profit since it was established 25 years ago. It has a majestic ambiance with a fully decorated building that brings you closer to nature so you will feel more relaxed while enjoying your meals. This business package also comes with classic furniture and fixtures, complete with kitchen equipment and appliances. Offering a wide variety of delectable food menus, this restaurant showcases both local and international cuisines that attract clients from all walks of life. Such exclusive dining is accompanied with soulful music and a perfect lighting system.

Apart from the insurance and the liquor license that this company holds, this investment is supported by a team of highly experienced and professional staff. This management has been trained to always provide the highest quality of service to all their clients. Because of this, more customers are patronizing the business, especially those who are within the locality. Moreover, this business has all the procedures and policies already set in place. That is why the new owner will not have any difficulty in running the business, you just need to continue what has been started by the existing management.

This all-in package includes fixtures and pieces of furniture valued at $50,000, together with a $36,500 worth of stock value. Down payment is also required from the prospect buyer and occupancy cost is around $70,000. The existing owner is willing to provide assistance through a financing scheme once the business agreement is signed by both parties.

Detailed Information
Employees
There are 10 employees who are very professional and well-experienced when it comes to providing quality customer service. They are dedicated to deliver 100% satisfaction to all their patrons. They have also made a commitment to assist the new management who will take over the business.
 
Year of Establishment
1991
 
Competition / Market / Profit Trend
There are no other fine dining restaurants that has been serving the greater Ottawa area with first-star quality service for the past 25 years. It has earned a huge amount of profit from both repeat and new customers, and still trying to target clients from the other districts across Canada. Since it is also strategically located in one of the busiest areas of Ontario, it attracts a high traffic of residents, commuters and passersby.
 
Expansion Potential
Even if the company has already established a good reputation in the industry, the new management can still find ways to expand its network clientele. With the right business plan and marketing strategy, the company can create better advertising promotions to attract more customers. You can target residents from the nearby counties in the greater area of Ontario.
 
Support, cooperation & training
An extensive training will be provided to the prospect buyer and the new management who has finally decided to supervise this rewarding business venture. The existing owner is willing to conduct the training that will last for at least 2-4 weeks.
 
Business Category: Restaurant/Cafe/Bar

Business For Sale Marketplace In Ottawa

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