11/07/2013
GELATO ICE CREAM - HIGHGATE SHOPPING MALL - Burnaby, Asking Price: $ 198,000
Basic Information
HighGate Shopping Mall has everything you need for the community. Business neighbouring Trevor Linden Fitness Club, SaveOn Foods, Shopper DrugMart, AutoPlan and Liquor Store, Cafe and Restaurant etc.
This is a well established small restaurant serving Gelato Ice Cream, Donair, Tea/Coffee, Biscuits and Deserts.
This location has 3 x 4 seating outside patio and a storage all included in the rent.
Business ideal to operate by a couple. Currently the store is opened between 1000hr to midnight. New owner can operate flexible hours. Current owner works 20 hours per week.
PLEASE RESPECT THE VENDOR, NO DIRECT APPROACH!
Daily 1000hr to 2200hr
Years in Business: 8
Business Floor Area (Sq Ft): 500
Full-time Employees: one
Part-time Employees: one
Parking: Free Mall Parking
Lease Term: 2017
Yearly Sales
Yearly Costs
Gross Rent: $ 28,320
Employee Wages: $ 20,000
Hydro: $ 5,000
Insurance: $ 1,593
Phone Interac: $ 1,200
Waste Removal: included in rent
Other Costs: $ 3,000 misc operating cost
Yearly Expenses: $ 59,113
Yearly EBITDA Income: $ 75,000