ALBERTA RESTAURANT & LOUNGE

The Affordable Business Partner Providing affordable, innovative Family Business selling & buying help throughout Alberta & Saskatchewan. Lloydminster Family Restaurant & Lounge Investment Level: 585,000 (Plus inventory of 10,000-15,000) Type of sale: Asset Business at a glance Monthly lease & Common Area costs: 12,000.00 Plus GST Time remaining on the lease: 5 years with an option to renew Gross sales: 2019 1,418,654 2020 971,285 ( Covid Shut Down) 2021 1,390,892 2022 (Jan-June) 890,563 Seller's Discretionary Income: 2019 268,241 2020 169,247 2021 235,293 2022 (Jan-June) 155,996 Our clients have decided to sell their well-established and busy restaurant and lounge. Consistently referred to as one of the best restaurants in the city, this business provides its owners with a well-balanced personal & business lifestyle.<br< p=""> New owners can leave the business hours/days of operation as is, or for the ambitious owner, extend the hours of operation/days!This business is located on a very busy roadway, and sales are now back to pre-covid times. Because of the quality of food, the ambiance, and the great support staff, this business enjoys a strong following. The renovated premises are 5,000 sq. feet divided between the restaurant and lounge and can accommodate 100+ and 70+ respectively. On the lounge side, there are 12 VLT’S (with the ability to add more) which creates a nice consistent cash flow. This family operated business is truly a turn-key business, with owners willing to provide great training for the next family or owner. This business scores 5 out 5 in all areas important to buyers