Burger Baron is an Albertan icon, and this has been a part of Whitecourt forever! As the owners of this very successful, 44 seat restaurant are looking forward to retirement, it is time for a new family to continue this legacy. This sale is for the business only, the building is a leased location. The kitchen and restaurant are kept very clean, and all equipment is working. The owners are willing to train the buyer for a month to make sure the customers continue to get the same quality and flavours they have come to love. Financials can be looked upon on site, and the net profit is extremely healthy!
Essential information
MLS® number
A2246695
Status
Active
Price
$549,000
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
2,000 sq ft
Lot size
20,908 sq ft
Year built
2000
Structure
Other
Listing brokerage
RE/MAX ADVANTAGE (WHITECOURT)
Source
Pillar 9™ MLS® System
Interior
Included
All restaurant equipment, signage, tables, chairs etc.
Exterior and construction
Zoning
C3 Highway Commercial
Community
City
Whitecourt
Province
AB
Postal code
T7S 1N9
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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EBITDA—
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Pre-tax profit as the books show it
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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Arithmetic on the numbers you enter — not a valuation, not an appraisal and not financial advice. Real multiples vary enormously by industry, lease terms and how much the business depends on its owner. Have an accountant review the actual books before you rely on any of it. Nothing typed here is sent anywhere or saved.
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$599,90028 Cabernet Crescent, Calgary
