Popular Halifax Cafe For Sale

Description

Highly visible North End main street location with steady foot traffic. This turnkey café space offers flexibility to continue the current concept or introduce a new hospitality vision. Existing infrastructure and second generation equipment help keep startup investment low.An attractive lease is in place with 7 years remaining on the current term plus a renewal option period. Current base rent is 36,000 dollars per annum plus half of property taxes estimated at 6,000 dollars per annum, for a total current rent of approximately 42,000 dollars annually.Annual revenues have been in the 500,000 dollar range while operating 7 days per week from morning to early afternoon. Additional revenue potential exists through expanded operating hours.Asset sale includes furniture and fixtures, leaseholds, equipment, and goodwill. Bank loan secured by business assets will be repaid at closing.Excellent opportunity for an individual or couple looking to operate a café, or for an existing operator seeking an additional location.