In LOIConfidential listingFully Licensed Upscale Restaurant — $2.67M Revenue, Healthy Margin, Owner-Independent
Highly lucrative, fully licensed upscale restaurant in one of London, Ontario's most affluent and high-traffic corridors. The business produced approximately $2.67M in trailing revenue and $516K+ in net income before owner add-backs — a high-teens net margin that sits well above the high-single-digit range typical of independent full-service restaurants.
Weekly sales are still trending upward, with an experienced management team, full liquor license, and a 10-year protected lease with category exclusivity transfer with the sale — turnkey, owner-independent, and cash-generating from day one.
Financial performance
Revenue by fiscal year. Detailed financials, margins, and add-backs are shared after approval.
Investment highlights
- 01Top-tier profitability for a full-service restaurant. $2.67M trailing revenue with ~19% net margin that materially exceeds the high-single-digit range typical of independent full-service hospitality. Strong cash conversion driven by ~69% gross margins.
- 02Owner-independent, professionally managed operation. Executive Chef, General Manager, and Assistant General Manager are in place running daily operations alongside ~40 employees (20 FT) with low turnover. Owner involvement averages only ~15 hours per week. Built to transfer cleanly to an owner-operator, a multi-unit group, or a passive investor with a manager.
- 03Sales are accelerating. Peak weekly sales were reached in May 2026, substantiating the trailing run rate and upward forward trajectory.
- 04$1.8M+ Turnkey Custom Buildout Included. Luxury interior, professional kitchen, and premium finishes transfer with the sale — buyer avoids construction timelines, permitting risk, and ramp-up exposure.
Growth opportunities
- Catering and corporate/private event programming — currently untapped revenue stream
- Monday dinner service — currently closed, representing immediate added weekly capacity
- Multi-unit expansion — concept purpose-built as a scalable flagship brand
Business details
- Industry
- Upscale Casual Dining
- Location
- London, ON
- Employees
- 15 FT, 22 PT
- Reason for sale
- Owner is pursuing a new opportunity and is committed to a smooth transition; a trained management team is already in place.
Company identity, full financials, ownership, and the data room are shared after Succession AI approves your access and you sign an NDA for this business.