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Suite of tools & services
Benefits
Total income received prior to any expenses.
N/A
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
Premises Size (square feet)
850Monthly Rent/Sq.Ft.
$5,000Save this Listing
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Have you ever dreamt of being the master of your own culinary destiny, showcasing your skills and talent in a thriving restaurant? Well, the opportunity you've been waiting for is right here in Summerside, PEI, where success is on the menu. Presenting a turnkey operation, this restaurant is more than just a business; it's a canvas for your culinary artistry. With a mere $15,000 down payment and an excellent credit score, you may even qualify for vendor financing, making your dream restaurant a tangible reality. This establishment isn't just any restaurant; it's a five-star gem, consistently earning rave reviews from satisfied patrons. In fact, it was nominated for the 2022 Best New Business Of The Year Award, a testament to its rapid rise and popularity. But it doesn't stop there; in 2023, it has been nominated for the prestigious Business Excellence For The Community Impact Award, demonstrating its commitment to making a positive difference in the local community. Nestled in the vibrant heart of downtown Summerside, this restaurant enjoys prime real estate, surrounded by a lively community and thriving commerce next to quality Inn and across from Home Hardware. The current owners spared no expense, meticulously renovating the leased space and installing brand-new, top-of-the-line equipment. Whether you're a seasoned restaurateur or an up -and-coming chef, this turnkey operation provides you with all the necessary tools for success. Full lease details, a comprehensive equipment list, and financial records are all available upon request, allowing you to step into this flourishing restaurant business with confidence. Don't miss the chance to take the helm of this celebrated dining establishment, where your culinary passion can truly shine, and success is not just a dream but a flavorful reality. Lease this space for $5000 per month for a minimum of 2 years with the opportunity for purchase at $229,000. (id:39198)
Total income received prior to any expenses.
:
N/A
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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N/A
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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N/A
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