Bar for Sale in Saskatoon, Canada
For Sale: Event center, restaurant, pub, and beer house offering food, alcohol and live music.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | C Corporation |
| Reported Sales | USD 950 thousand |
| Run Rate Sales | USD 700 thousand |
| EBITDA Margin | 20 % |
| Industries | Restaurants + 1 more |
| Locations | Saskatoon |
| Local Time | 1:12 PM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
370 thousand
(Native Currency: CAD 499,999)
Reason: Owner is moving towards a new opportunity.
Includes physical assets worth
USD
213 thousand
Interested to connect with advisors
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Business Overview
- Established restaurant, club and event centre in Saskatchewan that has been in the business for 6 years.
- Facility has been recently renovated.
- We have strong ties to the arts sector and community in general.
- We regularly organize events, weddings, parties, live music.
- We are licensed to organize events, weddings with 300 seating capacity and we are also allowed to have minors and kids at the venue during weddings.
- Have 200 seats at the facility.
- We receive 200-300 orders on a daily basis including walk-in and online orders. Have our own delivery service and also registered on DoorDash and Uber Eats.
- Our sales reduced due to the recent pandemic.
- Physical assets include furniture, interiors, kitchen equipment, and other related items owned by the business.
- Facility has been recently renovated.
- We have strong ties to the arts sector and community in general.
- We regularly organize events, weddings, parties, live music.
- We are licensed to organize events, weddings with 300 seating capacity and we are also allowed to have minors and kids at the venue during weddings.
- Have 200 seats at the facility.
- We receive 200-300 orders on a daily basis including walk-in and online orders. Have our own delivery service and also registered on DoorDash and Uber Eats.
- Our sales reduced due to the recent pandemic.
- Physical assets include furniture, interiors, kitchen equipment, and other related items owned by the business.
Products & Services Overview
Event center, restaurant, pub, wedding place and beer house offering food, alcohol, live music. We serve burger, sandwich, fries, hot dogs, wings, alcohol, ice cream, alcoholic milkshakes and a bustling breakfast.
Assets Overview
Ongoing liquor endorsement program including minors, full audio-visual setup (CAD 40K), all furnishings, fully renovated interiors for 300 occupants.We also have CAD 100,000+ in the bank.
Facilities Overview
5,500 square feet facility on a 5-year term lease. The lease can be extended further.
Capitalization Overview
We have around 300k in cash and run at a profit.We have debt but its Canadian government backed loans.
Recent Activity
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Earlier than 15 daysManager, Construction, Regina, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysOwner, Catering, Saskatoon, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysChef, Restaurant, Toronto, Individual Investor / Buyer connected with the Business
Tags:
Fine Dine Restaurant for Sale in Saskatoon, Canada
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