Buy a Profitable Restaurant in Cambridge! in Ontario, Canada business opportunity for CAD $250,000.00. Buy a business

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Profitable Restaurant in Cambridge! Business For Sale
CAD $250,000.00
Listing ID: 3645 | Our Ref: CAM-1 | Agent: 438
Business & Financial Summary
Description:
This long established, profitable independent diner is in a prime location with many loyal clientele.

Open 7 days a week, for breakfast, lunch and dinner, this licensed establishment has been a fixture in the area for close to 80 years.

Delicious food, generous portions and excellent service are the hallmarks of this restaurant. It is a perfect opportunity for a family owned and operated business. There is 2 hour free parking at the front and rear of the building, with significant pedestrian traffic as well.

The operation is consistently profitable. The premise is leased with reasonable terms and the equipment and fixtures are in good operating condition.

Experience in the food and customer service industries would be helpful, but not necessary. Price includes furniture, fixtures and equipment, as well as inventory. Call now to get more information on this fabulous opportunity! 
Asking Price:
CAD $250,000.00 
Our Ref:
CAM-1
Terms of Sale:
Share Capital 
Revenue (Income):
CAD $549,000.00 
Net Profit (Cash Flow):
CAD $112,000.00  
Time Established:
80 years! 
No. of Employees:
2 full time, 11 part time 
Expansion Potential:
Outstanding location on high traffic main street, plenty of free parking 
Competition/Market:
Well known in the marketplace for many years. No direct competition in that location 
Reason for Sale:
Retiring 
Support & Training:
Provided by the Seller 
Owner Financing:
Yes 
Finance Available:
Up to $50,000 to a qualified Buyer 
Business Assets
Value of Fixtures/Fittings:
CAD $23,000.00 
Value of Stock/Inventory:
CAD $5,000.00 
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All information in this listing has been submitted by the business seller or representative stated above. Simply.Biz has no stakehold in the sale of this business, has not independently verified any of the information about the business or the listing, and assumes no responsibility for its accuracy or completeness. Please read our Terms & Conditions before responding to any ads.