Restaurants & Food Businesses for Sale in Ontario

Yes — AGCO licences are transferable upon change of ownership, subject to AGCO approval. The process typically takes 4–8 weeks. We recommend applying for the transfer early in the closing process to avoid gaps in service. Our team guides you through this process as part of the acquisition.

Key due diligence includes: reviewing 3 years of tax returns and financial statements, verifying POS sales reports, inspecting equipment and hood systems, reviewing the lease terms, confirming all municipal and health permits, validating staffing structure and payroll, and having the kitchen equipment appraised. Our team provides a due diligence checklist specific to restaurant acquisitions.

Not necessarily. Many successful restaurant buyers hire experienced operators or retain key management staff. However, having some familiarity with food service operations greatly reduces your learning curve. We can connect you with industry consultants and help you assess whether the existing team is strong enough to carry operations post-acquisition.

Restaurants in Ontario typically trade at 1.5x to 3.5x annual revenue, or 2x to 4x EBITDA, depending on size, concept, licence status, lease security, and profitability. Licensed, profitable restaurants with long lease terms command premium multiples. Struggling or unlicensed operations trade at lower multiples.

Our buyer representation is completely free to you. Our fee is paid by the seller as part of the transaction. You receive full professional guidance including access to listings (including off-market), financial analysis, offer structuring, negotiation support, and closing coordination — at zero cost to the buyer.