Nanaimo Business for sale: (Listed 2009-08-19)

Address

Sharkeys Express Foods Ltd., Nanaimo, BC, Canada

Description

Sharkeys Express Foods LTD. has the food services for the following three locations…

Aquatic Centre
741 Third Street
Nanaimo, BC V9R 7B2
(250) 756-5200

The restaurant is named Sharkey’s, there is seating for approximately 60 people. Their hours are from 7am to 7pm seven days a week. Their lease is with the city of Nanaimo. They also obtain their business from the adjacent high school that is connected directly to the aquatic centre. The manager runs all three locations and is paid 3,000.00/month. There is a staff of 5 part-time. They service the other two locations through this facility.

The owners have spent approximately $170,000.00 on lease holds and equipment.

Hockey Rink
750 3rd St.
Nanaimo, BC V9R3K4
250-756-5200

The hockey rink is located about 300 yards from the aquatic centre. The rent is 14% of sales which includes electrical and cleaning. This lease is also with the city of Nanaimo. This location has a small kitchen and fridge.

This location is only open from September through March of Friday 4pm-8pm Sundays 7am-7pm.


Sales
48,000.00
Rent
7,200.00
Food
14,000.00
Labour
7,000.00
Misc.
2,000.00

TOTAL
30,200.00

Net
17,800.00


Ball Diamond
6175 McGirr

The ball diamond is open from April to Thanksgiving. They are open Monday to Friday 5pm - 9pm and weekends 7am – 7pm. This lease is with the McGirr Sports Society.

The income and expense for this location is as follows.

Sales
65,000.00
Rent (12%)
8,800.00
Food
23,000.00
Labour
13,000.00
Misc.
3,000.00
Total
47,800.00
Net
17,200.00

This would be an excellent husband and wife business. The food costs are high at 42%. The menu pricing indicates that the food cost should be closer to 35%. The owners of the business are absentee.