Lower Mainland Restaurant for sale: Business only Business Only

Overview

Boston Pizza, Lower Mainland, BC

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  • Property Value$850,000
  • Property AddressBoston Pizza, Business only, Lower Mainland, BC, Canada
  • TypeRestaurant
  • BedroomsBusiness Only

Boston Pizza, Business only, Lower Mainland, BC, Canada

Description

Stunning and profitable Boston Pizza. Excellent Lower Mainland location.
Potential buyers must be approved by Boston Pizza and do a 2 month training course at their expense at the Richmond Boston Pizza.
Boston Pizza is recognized as one of the premier casual dining restaurants in Canada. Call for details and full package.
Dining Room was closed October 2017 for renovations.
THE RESTAURANT
Adjusted Cash Flow to Owner Operator $188,700.
Seating: 105 inside, 67 at the bar, 50 on the patio
Hours of Operation: Every Day 11am – 12am
This Boston Pizza is located in the fast growing area. Many new multi family residential units are being built. Located near a Liquor Store, beauty salon, Walmart and a new Toyota dealership is being built nearby. This restaurant is fully renovated to current Boston Pizza standards.
This Boston Pizza restaurant location offer a casual dining setting with over 100 menu items, including gourmet pizzas made with their signature hand pressed dough and signature sauce. They also serve a wide range of pastas, appetizers, salads, entrees and desserts. The restaurant is perfect for families, teams and groups of all ages. The sports bar has 8 65” Samsung HD TV’s, 4 75” Samsung HD TV’s plus a 240” projection screen to catch all your favourite games. Boston Pizza has more locations, serving more guests annually, than any other casual dining concept in the country. It is recognized as one of the top casual dining franchises in Canada with a strong delivery business.
Potential franchisees must be approved by Boston Pizza and take a 6 week training course at the Richmond location. The transfer fee is $30,000.

Features

THE LEASE
Low net rent of $105,000/annum with 9 years remaining on existing lease with two 5 year options.
Lease Year Annually Monthly
11-14 $ 105,000.00 $8,750.00
15-20 $ 110,000.00 $9,166.67
Average Boston Pizza rents in the lower mainland are $30/sf net rent on average. This location is paying only $18.42/sf net rent.

Listing Provided By

Iain MacDonell Remax Select properties

 Real Estate Listing provided by
  • Iain & Laurie MacDonell
  • Mobile: 604-313-2025 Laurie
  • Office Phone: 604 737-8865
  • Fax: 604.737.8512
  • RE/MAX Select Properties
  • 5487 West Boulevard
  • Vancouver, BC
  • V6M 3W5
 Real Estate Listing provided by
  • Iain MacDonell
  • Mobile: 604-328-3929 lain
  • Office Phone: 604-737-8865
  • Fax: 604.737.8512
  • RE/MAX Select Properties
  • 5487 West Boulevard
  • Vancouver, BC
  • V6M 3W5