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Successful Landmark Restaurant in Southern Manitoba

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  • Listing# : 13813
  • Listed Price : $295,000
  • Total Sales : $195,362
  • SIC : 5812
  • Down Payment : $295,000
  • Status : Active
  • Discretionary Earnings : $54,447

Business Type :

Restaurants / Family Style

Business Description :

This successful family restaurant is a landmark destination in southern Manitoba. The restaurant is known for excellent service and food quality. The current owners have run the business for the past 10 years with a small staff. The restaurant building of approximately 1,800 sq. ft. is included with the sale along with the land and the Real Estate value comprises $109,150 of the total listing price.

The town of Gretna is just north of the Canada - US border. The broader area within 45 minutes has over 13,000 people and the town is 90 minutes south of Winnipeg. Cross border patrons remain significant. The building has been completely updated with a full new kitchen, new A/C, new roof, security doors forced air gas furnace and 400A electrical service.

The property being sold with the Restaurant includes a development lot on the south side suitable for expansion or a small home build.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $109,151
    • Incl : Yes
    • Inventory $0
    • Incl :
    • Liabilities $75,598
    • Incl : No
    • FF&E $86,313
    • Incl : Yes
    • Other: $4,113
    • Incl : Yes
    • Leasehold $0
    • Incl :
    • Total Assets $199,577
    • Incl : Yes

Lender Prequalified: No

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