Chinese Food Restaurant
Business Description
This traditional Chinese and Canadian Food Restaurant has been established for 24 years in Annapolis Royal, Nova Scotia. The restaurant serves the traditional Chinese food along with a Canadian menu ranging from chicken, beef, fish, salads and snacks dishes. The menu pricing is positioned for the local and tourist makets. The restaurant operates 6 days per week from 10:30 am to 8 pm. The property and business is owned by an absentee owner.The business and property is currently being managed by a hourly-wage manager. This is a perfect investment for a couple. There is potential to increase the business income and capital appreciation on the real estate by owner operators.
I Am Interested
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General Information
From discussions with the town of Annapolis Royal and the Annapolis County Public Works Department, it is understood the the subject property is located in an area which is serviced with Town water and sewer. Other services provided to the site include, paved roads, street lights, snow removal, garbage collection and police and fire protection.
Financial Information
December 31st. 2009 Sales: $253,943
Real Estate / Lease
The Real Estate is included in the price. The real estate alone was appraised by a qualified AACI appraiser in 2006 at $289,500. The property is zoned C2 Highway Commercial. The property measurement is 11,828 sq. ft.
Real Estate Measurement - Gross Floor Area: Main Floor: 2515 sq. ft. Second Floor: 799 sq. ft. for a total of 3314 sq. ft. The electrical service is 400 Amps. Heating is electric baseboard.
The second floor is currently being used for storage however; the second floor could easily be converted into an apartment as their is an operating washroom and washer / dryer hook-ups on the second level. A storage shed could be developed on the property to store restaurant inventory and equipment.
