Summary
- Asking price:
-
$1,000,000
- Sales revenue:
- > $500k < $1.5m
- Net profit:
- < $500k
- Years established:
- 10+
- Employees:
- 12
- Relocatable:
- This business can be relocated.
Business description
CB Richard Ellis is pleased to offer for sale the business and real estate at 406 Main Street in Wolfville known as Acton's Grill and Cafe. The two-storey, free-standing commercial building has 3,893 sf of usable space of which 2,633 sf is a restaurant operation on the main level. On the second floor, 1,260 sf is used for an office and an apartment with a separate entrance. The office is ready to convert to a second apartment.
Property information
- Real Estate:
- Real Property Included
- Living accommodation:
- There is one existing two-bedroom apartment. The existing second floor office has a bathroom and is fitted for kitchen plumbing.
- Location:
- Ideally situated in the centre of the thriving centre of Wolfville. Within walking distance of Acadia University and the centre of Atlantic Canada's growing wine industry, Acton's is well placed for successful year round operations.
Other information
- Expansion potential:
- Investment opportunity in two rental apartments on second floor as well as restaurant seating on the main level. The current kitchen is large and has the potential to be streamlined for new owners.
- Competition / Market:
- The market is comprised of a range of restaurants including several pubs and handful of fastfood operations. Acton's is one of two high-end operations in the town and has thrived for the past 10 years.
- Support & training:
- The Vendor is willing to provide advice on the market and is flexible for assisting in transitioning new owners to the business. Any requested assistance should be noted in a Letter of Intent (LOI).
- Reasons for selling:
- The Vendor is leaving the area.
- Related documents:
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