Lounge & Restaurant for sale

The Affordable Business Partner. Helping Family Business Owners & Buyers with the A-Z of business selling. Affordable & Confidential Family Business Selling Coaching, Marketing and Business Selling Solutions. Lloydminster Family Restaurant & Lounge Investment Level: 585,000 (Plus inventory of 10,000-15,000) Type of sale: Asset 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 If you are searching for a well-priced and operated family restaurant, then this should be on your must-see list! 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 Interested parties must also complete a Buyer’s Profile & NDA prior to financial and confidential information being released. Thank you. Find more information on this and other business opportunities at The Affordable Business Partner