Listing ID: HMG – MJK10252016

Downtown Edmonton

Business Advisor: Neil Gerritsen
(Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Quick Service Restaurant

Business Overview

This is a great opportunity to purchase a highly acclaimed cafe in Downtown Edmonton. This fully licensed 5-year old restaurant is experiencing double-digit growth. Lease in place, and is located in the prime downtown location off Jasper within walking distance of the Ice District. The attractive patio provides additional seating, and is an excellent meeting place for patrons.

Why This Business

  • The location has grown rapidly since its inception in 2011
  • Business is well established with many repeat customers
  • All employees are engaged locally and has been with the company since the start and willing to stay on with the new owner
  • Great location, allowing the business to flourish and expand its services by adding catering services to nearby business and offices.
  • This business is only open Monday to Fridays NO weekends and only during office hours
  • Turnkey scenario

Are the current owners the founders? Yes  How long? 5 years
Owner Support/Training: Available by the parent company as well as the current owner.
Reason for Sale: Owner has to move due to family reasons

Business Premises and Location

Does the Vendor own the premises? No
Are the premises parts of this sale? Leased premises
What is the cost of the lease? Details available upon request

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List 

mjk10252016-thumbnails

Operational Summary

Snapshot

Annual Revenue: $ 423,480 (2016)

Discretionary Earnings: $ 62,852 (2016)

Assets: $ Not disclosed

Information

  • Year Established – 2011

  • # of Employees – 1 Owners,  6FT 

  • Asking Price – $ 529,000 

  • Inventory- $ TBD

  • Seller Financing – N/A

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