Popular Halifax Cafe For Sale

Description

Business type: café

Location: North End main street area

Current status: established operating business

Sale structure: asset sale

Operating setup: turnkey

Financial information

Annual revenue: approximately $500,000

Current base rent: $36,000 per annum

Property tax contribution: approximately $6,000 per annum

Total current rent: approximately $42,000 per annum

Operations

Operating days: 7 days per week

Current operating hours: morning to early afternoon

Extended operating hours: potential revenue growth option

Premises and lease

Location visibility: high

Foot traffic: stated as steady

Current lease term remaining: 7 years

Renewal option: available

Existing café infrastructure: in place

Second-generation equipment: in place

Assets included

• Furniture
• Fixtures
• Leasehold improvements
• Equipment
• Goodwill

Transaction details

Existing café concept: may be continued

Concept change: possible

Bank loan secured by business assets: to be repaid at closing

Potential buyers

• Individual owner-operators
• Couples
• Existing café operators
• Hospitality operators seeking an additional location