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$1,999,000

An exceptional opportunity to acquire one of Vancouver Island’s longest established and most successful independent restaurants. Operating continuously for nearly 60 years, this highly profitable business has built a strong reputation, loyal customer base, and consistent annual sales. The sale includes the land, building, and thriving business, allowing the new owner to operate without the uncertainty of lease renewals or increasing rental costs. This turnkey operation offers immediate cash flow and significant long-term investment value. The property has seen extensive equipment upgrades over the past several years, with nearly all major equipment replaced, providing a modern, efficient operation. A dedicated team of 20–25 experienced employees are in place, making for a smooth transition to new ownership. Additional income can be generated by two self-contained one-bedroom residential suites, each with the potential to generate approximately $1,500 per month in rental income. Despite being one of the busiest restaurants in the area, there remains outstanding upside. Over 95% of current revenue comes from takeout and delivery, while the restaurant offers seating for approximately 50 guests, creating an excellent opportunity to expand dine-in service. There is also no liquor license present, which will also drive sales. The business also does not currently utilize third-party delivery platforms, presenting the potential to increase annual revenue through additional sales channels. Whether you are an owner-operator seeking a profitable business or an investor looking for a high-performing commercial asset with real estate included, this is a rare opportunity to acquire a proven business with nearly six decades of success. (id:59709)

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https://www.realtor.ca/real-estate/30129535/port-alberni