37764 Cabot Trail Ingonish Beach NS - For Sale By Owner - $689.000
Located in one of the most beautiful and frequented tourist destinations of Nova Scotia, this well established restaurant and bakery is at the centre of activity and considered by many as the place in town for the discerning palate.Run on a seasonal basis, this business affords a life style of where good hard work for a few months is rewarded with the opportunity and time to play and explore life during the off season.
An experienced owner/manager will certainly see the meat left on the bone and upside to be created. For the first time owner, the business affords room to learn and grow while transitioning support is provided.Highlights of the business and operations include:- seating (indoor and outdoor) for over 100 - menu and pricing last updated 2013- UNIPCO member- very well set up kitchen and loads of prep-space.
Room for growthIf this is your first look at Cape Breton, I'd encourage you to take some time to learn why this island has been rated:- #2 Sustainable Tourism Destination by National Geographic Traveler Magazine- National Geographic’s one of “20 Must See Places"- Forbes Magazines’ “Hottest Island in Golf.- Top 10 Islands in the World by Travel Leisure MagazineFinancial Information :Average annual revenues over the past 6 years in excess of $500k. Cash Flow of business is healthy.
Available financial analysis considers new mortgage payments. Minimum equity requirement of $250k must be proven before full investment overview will be released. Owner residence included in sale offers:- Approximately 1600 square feet over 1.5 stories- many upgrades (windows, roof, electrical, and plumbing) in past 10 years and pre-inspected- 3 bedroom, 2 bath (ensuite off master), dining, living, eat-in kitchen- oil forced air (15 year old furnace), new oil tank to be put in.- 125 amp panel- walk-out south facing deck.
This is a For Sale By Owner, MLS, Mere Posting Listing