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$339,000 · Exceptional Restaurant Greater Victoria

Since opening ten years ago, this Swiss German restaurant has been a successful and popular dining establishment in the Greater Victoria area. The new owners, who had recently moved to Canada from Switzerland, took over ownership and management two years ago. They have initiated significant upgrades to the kitchen and front of house as well as bringing improvements in staff morale, operational efficiency and fiscal discipline resulting in sales growth each year. This 44 seat restaurant with additional 12 seat patio that is open weather permitting, generates over $800,000 in revenue. It has received a Certificate of Excellence and 4.5 points out of 5 from TripAdvisor based on 100 Excellent and 45 Very Good customer reviews out of a total of 161. Yelp reviewers have also given this fine dining establishment a 4.5 star rating.

The restaurant is open for lunch and dinner Tuesday through Sunday.

* Under current ownership direction, revenues increased 17% since taking over in late 2013. Reservations for Christmas and New Year's Eve 2015 were sold out by October.
* The Sous-Chef and kitchen crew have performed admirably in order to maintain the standards set by owner and Chef who has been unable to work close to full time. Front of house staff provide a warm ambiance providing particularly friendly and efficient service.

Everything is in place including loyal customer base, great location, staff, physical assets, recipes and systems to provide a solid foundation for long term growth and profitability.

Facilities: There have been many improvements to the establishment including the dining room being completed renovated in February, 2014; a new POS system installed less than two years ago; refrigerators and coolers recently replaced and all new highest quality cookware, dishes and flatware brought from Switzerland.
Competition: In the area where it is located, there is a high density of Asian restaurants. Therefore, this establishment with its authentic Swiss/German focused cuisine builds a welcome contrast for the population and customers.
Growth Potential: Steady growth can be anticipated based on the increasing retiree population and growing popularity as a tourism locale.

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Ad Id26771189
PostedFebruary 03, 2016
Renewed May 09, 2017
Expiry August 07, 2017
Details New, Commercial Seller
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