Profitable upscale Italian restaurant in Greater Montreal Area

Listing Number: 10152021-608572

Description

This profitable Italian restaurant is now available for sale.
The restaurant is located in a prime retail plaza in the south shore of the city, and it has a loyal customer base. This is a turnkey restaurant that is fully equipped and staffed.
The restaurant has been in business for over 20 years, and it has a proven track record of success. The restaurant is generating around a $1 million in annual revenue, and is very profitable. This restaurant is consistently delivering strong sales and profit margins.

This prestigious upscale restaurant keeps on prospering with a reputation that never stops growing. One of the best restaurants in Quebec. Well known for its unique atmosphere, its music and impeccable service, its superb Italian cuisine, and its renown chef. Romantic setting, authentic, discreet and charming. A must visit place in the SouthShore.

Restaurant features:

- Authentic private fully equipped dining room, with 1 large table accommodating 30 guests that can be utilized for private events. This private wine cellar dining area is one of its kind in the city.
- Sizeable & Wide range of fine selection of wine
- All Personnel remaining on board including Chef and Sous Chef.
- Seating capacity: 120 guests.
- Seller financing is available depending on the buyer’s profile.
- Ample Parking available
- Reason for selling: Owners retiring.
- Rent is very competitive for today's market conditions.
- Term remaining on the lease: 5 years (with option to renew)

Seller financing up to 50% available to qualified buyers.

Listing Details

• Price: $495,000
• Down Payment: $247,500
• Sellers Discretionary Earnings: $297,269
• Total Sales: $909,524
• Location: Montérégie, Québec


• Inventory: $0
• FF&E: $211,000
• Employees: 6
• Reason for Selling: retiring owner
• Category: Restaurants