Established Restaurant With Building In Vancouver Island For Sale

Description

Business type: family-run restaurant

Location: Nanaimo, British Columbia

Current status: established operating business

Trading history: more than 35 years

Operating setup: turnkey

Reason for sale: retirement

Premises

Building size: stated as large

Building utilization: underutilized

Indoor seating capacity: 120

Extended patio: in place

Commercial kitchen: fully equipped

Kitchen capacity: capable of high-volume catering operations

Roof: newly installed

Environmental report: completed

Licensing

Liquor licence: in place

Customers and market

Customer base: established

Customer loyalty: stated as strong

Community reputation: stated as strong

Awards: multiple received

Television coverage: received

Vlog coverage: received

Revenue opportunities

• Restaurant dining
• Patio service
• Liquor sales
• Catering

Property

Neighbouring property purchase: required with this property

Neighbouring property asking price: $450,000

Seller payment deferral: available

Payment deferral terms: not specified

Financing

Vendor financing: available

Expansion options

• Increase utilization of the existing building
• Expand catering operations
• Increase patio activity
• Develop additional permitted uses within the premises
• Increase business activity associated with surrounding redevelopment

Location and development

Surrounding area redevelopment: active

Buyer requirements

Staff contact regarding sale: not permitted