*Showing by appointment only. Please do not disturb staff* Dessert store for sale right across from Richmond Public Market! Street level storefront, in an open plaza. Busy area on Westminster Hwy. 840 sqft store space, n...
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*Showing by appointment only. Please do not disturb staff* Dessert store for sale right across from Richmond Public Market! Street level storefront, in an open plaza. Busy area on Westminster Hwy. 840 sqft store space, n...
Asking Price : $208,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 840
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Very popular franchise business providing fresh fruit bubble teas, regular bubble teas, real milk bubble teas, ice cream bubble teas, waffles and desserts etc. located in Richmond Centre with a large number of customers....
Asking Price : $118,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 256
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
SHOWING BY APPOINTMENT ONLY, PLEASE DO NOT DISTURB STAFF* . High traffic exposure restaurant at Kingsway & Boundary. Monthly basic rent is $1555.17. Gross Rent is $2875.48. Surrounded by many residential buildings, house...
Asking Price : $138,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Excellent approx. 2,200 Sq.Ft. Restaurant in the heart of Downtown Oakville right on Thomas Street with an amazing outdoor patio. Currently an Italian restaurant called ""Buca Di Bacco"" with a full kitchen, exhaust hood...
Asking Price : $499,999
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 2,200
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
One of the oldest and well established location of Fat Bastard Burrito at the Rockwood Mall Plaza in the center of Mississauga for quick sale at a very reasonable price. The current owner has been successfully operating...
Asking Price : $349,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 1,103
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Great Location Near University, St Patrick Subway And Toronto Art Gallery. Brand New Renovation Restaurant. Fully Equipped Restaurant For Dine-In Or Take Out, Suitable For 30 To 40 People Dine In. 3 New Washrooms, 2 On M...
Asking Price : $299,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 1,400
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Great opportunity to own well established restaurant on major road at the entrance of the Monteral road. This prime location features a well-equipped and recently renovated business situated in a bustling, high-traffic p...
Asking Price : $135,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Location, Location! Your Opportunity To Own a Profitable Franchise In College Park, Downtown Toronto! Z-Teca Is A Mexican Fast-Casual Restaurant. Healthy & Quality Ingredients. Located In a High Traffic Area on Yonge & C...
Asking Price : $499,999
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Indian/North Indian Cuisine, Chill Bar & Hakka-Style Restaurant. Restaurant Business For Sale!!! Located at the Bustling Intersection of Kennedy & Queen, This Thriving Restaurant Business Offers a Prime Opportunity for E...
Asking Price : $299,999
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 1,036
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Gorgeous Burmese fusion restaurant for sale in one of Canada's most prestigious shopping centres known as Bayview Village Shopping Centre. Catering to Toronto's most affluent neighbourhoods, this location gives your rest...
Asking Price : $599,000
Gross Revenue Total income received prior to any expenses. : N/A
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)
: N/A
Size (sq ft) : 1,768
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
The first step to purchasing a restaurant is researching local restaurants for sale. Look around nearby restaurants that have recently gone up for sale and check out their reviews online. Knowing what types of food they serve and their hours can help determine whether or not it would be a good fit for you. Additionally, ensure that the restaurant is registered with the Canadian Food Inspection Agency (CFIA).
Before investing in a particular restaurant, it’s also necessary to understand the local market dynamics through things like pricing, competition, demographics, and other factors that may influence customer demand.
Ask yourself questions like: Is there enough customer demand to support my business? Who is my target market? What products should I offer?
Before you can open for business, you’ll need to secure the restaurant property itself. Negotiate with owners to find the best deal that meets your budget needs. Check to see if everything is included in the purchase agreement so there will be no surprises after signing on the dotted line.
Narrow your focus to prime locations that are most attractive based on factors such as access to transportation and customers, competition in the neighbourhood, and available amenities. When evaluating prospective sites, visit them to ensure they meet all necessary criteria, such as legal zoning requirements and infrastructure.
Once you locate a few potential restaurants for sale, decide how you want to finance the purchase. Consider taking out a loan from your bank or turning to investors or venture capitalists if you need additional capital.
Getting the necessary kitchen equipment (such as refrigerators, ovens, and dishware) is essential for running an efficient restaurant operation. Look online or visit local catering stores or used equipment shops, as you can find good quality items at bargain prices if needed.
Furthermore, you may want to think about everything else you will need to run a popular business. Sometimes thinking about things like providing your customers with a wine list with exceptional wines, different payment options, and delivery options, and presenting a menu with food favourites can positively affect the success rate of a market restaurant.
Considering the cost associated with owning and running a restaurant, it’s wise to get professional legal advice. Hire an experienced lawyer who specializes in real estate law if possible; they can guide you every step of the way and address any issues during the purchase process.
Once you know the regulatory environment for operating a restaurant in Quebec, it’s time to get your finances in order. Create a business plan that may precisely account for all startup costs, operational expenses, and expected profits or losses over time. Also, include any financing methods you plan to use, like loans or investments from others.
In addition to researching current laws & regulations beforehand, having a solid accounting system in place is essential since money management is key for keeping track of expenses and income earned each month/yearly period by your business.
Use an accountant specialized in helping small businesses with their financial needs or consider investing in software suited towards larger restaurants specifically that tracks & organizes bookkeeping information conveniently.
Before taking any action on purchasing or running a restaurant for sale in Quebec, it’s crucial to understand what regulatory requirements exist for food businesses operating out of the province. You may need to submit paperwork and obtain permits before opening or selling certain food items to ensure you’re aware of local regulations and policies related to restaurants before you move forward with your purchase plans.
Before finalizing any deal, it’s essential to have all contracts reviewed by experienced professionals familiar with Canadian federal and provincial laws governing restaurant purchases/sales agreements in Quebec and get health certificates and permits. Also, don't forget to check your staff's sales and inventory reports.
When putting together an offer letter sales agreement proposal, consider hiring legal counsel familiar with commercial real estate transactions so you may proceed confidently towards closing the deal without any surprise costs along the way.
Also, be sure you discuss contingencies before signing any definitive agreement regarding price and processes for payment of deposits, etc. You would also want to negotiate one or two post-closing issues, like removing current logo signage outside the property, amongst other things.
Although it may seem like a lot of work, purchasing a restaurant can bring you both income and experience. And while there are many things that can stand in your way, we advise you to be patient and work through your logistics and methods toward running this type of business successfully.
Buying a restaurant with an excellent track record offers multiple benefits. First, you can find a restaurant with all the employees you need. It’s essential to have skilled chefs with the experience and knowledge to deliver your meals to customers.
On the other hand, buying a restaurant means you already have a certain number of customers and a reputation. You can expect a certain level of profits while having the opportunity to recognize the areas you could improve in the future to grow your brand and expand your market.
Reports from 2022 show that there’s a growing number of third-party delivery restaurants, on-premise, and off-premise dining. Restaurants are getting 35% more pickup and delivery orders while retaining and increasing the number of people dining there.
This simply shows just how healthy the market is. Quebec is known for its dining scene, and the local government supports businesses and helps them grow through various incentives. The end of the COVID-19 pandemic has compelled more people to go out and dine while increasing the number of orders.
Buying a restaurant in Quebec is an excellent opportunity to become a successful entrepreneur. However, you must create a robust process you can rely on to discover and acquire a business that’s worth the investment.
First, you should find listings websites like Find Businesses 4 Sale and create a shortlist of top options. Conduct thorough research and learn about those businesses, their potential, shortcomings, and current operations. Use this information to negotiate the right price and consult with professional business brokers before you sign a purchase agreement.
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