Longstanding Beachfront Restaurant – Sauble Beach

Longstanding Beachfront Restaurant – Sauble Beach

Longstanding Beachfront Restaurant – Sauble Beach

LISTING DETAILS

Listing ID: 3447

Type of Sale: Share
MLS Code: Exclusive
Industry: Restaurant / Bar
Reason for Sale: Retiring
Training & Support: Yes
Asking Price: $575,000

ASKING PRICE
$575,000
DESCRIPTION

Welcome to Sola's Grill! This family-friendly restaurant is located in the heart of the popular tourist hotspot just across from stunning Lake Huron in Sauble Beach. Operating for over 40 years Sola's is well-known and frequently visited by locals and tourists. Each year approximately 40,000 people flock to this beach and Sola's is well equipped to handle them. One of the only restaurants' that offers sit-down dining and is fully LLBO licensed. Amazing prime location, delicious quality food, and unbeatable service. Coupled with long lease options in place, many customers return year after year, and growth opportunities this restaurant is here to stay! Seller is willing to train to ensure a smooth transition. Sola's has proudly been part of the Sauble Beach community since 1980, come and see why! Listing ID: 3447

COMPANY INFORMATION

Year Established: 1980

Franchise: No
Square Footage: 1,780 sq ft

Monthly Rent: $5,833 pm (incl TMI) + HST

FINANCIAL INFORMATION

Gross Revenue: $864,000
SDE: $264,000

FFE Included: Yes

Inventory Included: No

Financing/Terms: Financing Can Be Arranged For The Right Candidate

DISCLAIMER

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

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