Restaurant with Land-Real Estate-Business all included in Lanaudière

  • $995,000

Restaurant with Land-Real Estate-Business all included in Lanaudière

  • $995,000

Description

This business is a real phenomenon.

A well-known family restaurant, on a busy road, in a city and a developing district in the Lanaudière region.

The building and especially the large lot are of great value.

Customers and staff have been loyal for many years.

But what impresses the most about this business are the profits very important financials that are unique in this activity.

Turnkey Land + Building $ 620,000 Business assets $ 375,000 for a total of $ 995,000.

GENERAL INFORMATIONS

  • Type of business: Restaurant with meals on site; Take out orders
  • Type of property: Business sale / Business / Real estate sale
  • Reason for sale: Pre-retirement
  • List of equipment available: Yes with evaluation report
  • Land and real estate appraisal report available (Land $ 422,041, building $ 201,308)
  • Date, deadline for signing the deed of sale and occupancy: 60 or more
  • Involvement of the seller after the sale: Available for a successful transfer of his business
  • Terms of financing by the seller: Help with the financial set-up of MayDay Strategies and possible participation, possible balance of sale of the seller
  • Inclusions: 1 ° the name; 2 ° the traffic; 3 ° all rights and privileges related to the identification of the business (telephone number, signs, advertising, etc.); 4 ° all immovable and movable property, apparatus and equipment used for the operation of the business.
  • Exclusions: 1 ° accounts receivable; 2 ° accounts payable and debts; 3 ° bank accounts; 4 ° all inventory of merchandise in excess, approximately $ 24,000.

COMPANY DESCRIPTION

  • In operation since: +/- 1987, with the current owners since February 24, 2016
  • Stage of development: Growth
  • Company strengths: busy road, family restaurant, many new homes, loyal staff, a real institution known in the region.

HUMAN RESSOURCES

  • Management team: a co-owner in the kitchen and administration, a co-owner in the kitchen, purchasing and accounting
  • 7 full-time employees
  • 5 part-time employees

MARKET

  • Market description: Strongly growing take-out market.
  • Institution in the city and the region.
  • Clientele: regulars, loyal, workers, families
  • Description of the competition: almost exclusive
  • Market opportunities: continue to develop take-out, launch delivery, extend hours

BUSINESS HOURS

  • Monday and Tuesday: closed
  • Wednesday to Friday: 10 a.m. to 7 p.m.
  • Saturday and Sunday: 9 to 19

FINANCE

Year-end date: December 31

Annual income

2019 = $ 1,074,088

2020 = $ 691,400

Profit before tax EBITDA:

2019 = $ 171,205

2018 = $ 121,205

Profit before taxes (EBITDA) before salaries and benefits of co-owners:

2019 = +/- $ 280,000

2020 = +/- $ 220,000

Municipal Tax: $ 3,288

School taxes: $ 361

Permit: Alcohol permit

Bank name: Desjardins, available line of credit

$ 90,000

DESCRIPTION OF THE BUILDING

  • Style: Complete building with large lot
  • Owner occupied
  • Year Built: 1990
  • Commercial / Residential Zoning (C-29: Single, two, three and multi-family housing, Retail sale of various products and food, professional, business and financial services, personal services, catering services) and accommodation, Community: government and worship, education, health and social, Recreation: activities cultural and recreational.
  • Land area: 35,170 square feet
  • Building area: 1st floor 2,119 sq. Ft., Basement 1703 sq. Ft. = 3,822 sq. Ft.
  • Very large private parking
  • Frying: Yes
  • Terrace: 40 seats
  • Indoor seats: 78 to 90 people (Permit 78 people)

MEDIAS

Google reviews : 4,3/5 (442 reviews)

VISITS

Appointment preferences: Evening​
Discretion requested​

Stanislas Didier
Founding President
Canada : +1 514 618-9165
France : 07 66 37 69 66
sdidier@maydaystrategies.com
Benjamin Espaze
Real Estate Broker
RE/MAX L’ESPACE
514 581-9116

Address

  • City Near Joliette
  • Province Quebec
  • Area Lanaudière
  • Country Canada

Details

Updated on November 25, 2021 at 5:53 pm
  • Price: $995,000
  • Category: Fast Food, Restaurant

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