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About this Business for Sale

Profitable Buffet and Events Place Business

This is a fantastic opportunity to take over an established and profitable buffet restaurant and events place.

This business offers a sumptuous line up of well-loved international and local dishes in buffet setting. They specialize in made-to-order decorated cakes for all occasions. The spacious ground floor is perfect to enjoy the food with friends and family while the second floor is for events that can accommodate up to 150 pax.

Up for sale is the restaurant and events place set-up, brand name, recipes and trade secrets.

For February to December 2022, the sales have shown promising numbers at ₱  25,677,473.00 with approximate net profit margin at 19%

Reason for Sale: Moving overseas! Both sides of the families already reside in Canada and the USA. Family has started the application process and is targeting to move to Canada. This was interrupted when the pandemic happened. They are hoping to pursue this as soon as possible.

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Confidentiality Agreement for Business OR00625

Between LINK and * (Interested Party) this must be an individual's name, NOT a company name

In consideration of LINK (being any or all of LINK Business Broking Phil. Inc. and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by LINK and specifically Listing ID No OR00498. I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;

  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party.

  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by LINK;

  4. Not to make an approach to the Vendor of any business disclosed to me by LINK, or the business' staff, customers or suppliers without prior arrangement with LINK and to refer all queries through LINK;

  5. We acknowledge that LINK is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.

  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to LINK Business Broking Phil. Inc. as the case may be;

  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify LINK against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.

  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;

  9. If I decide not to proceed with the investment, I agree to immediately return to LINK all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);

  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and each email response to the other or their representative will constitute offer and acceptance, and satisfy the requirements of the Electronic Commerce Act of 2000.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. Seeks legal advice.

  2. May or may need to seek technical or other advice and information.

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* By checking this box, I hereby agree to the terms and conditions contained herein. I agree to abide by the confidentiality of any information shared with me