Niva Restaurant for Sale

Thunder Bay - Niva's restaurant, known for Finnish pancakes and home-style cooking, is now on the market.

Owner Vicki Niva is looking for a buyer so she can step back and "slow down."

She has run the popular restaurant on Lisgar Street off Memorial Avenue for over 13 years.

"I have a business plan, and my plan is to retire in 10 to 15 years," Niva said in an interview on Wednesday. "Business is good, so I can step away happily. It seems like a good time to say goodbye."

The restaurant has had a loyal following since it opened and will continue to operate until it is sold.

Niva said that although customers have expressed disappointment at her decision to step down, they have also told her they understand that "all good things must come to an end, and you just do your best."

She said the secret to running a successful restaurant is keeping employees happy, because that means they will also keep customers happy.

Wendy Ferris of Century 21 Superior Realty is marketing the property with an asking price of $1.75 million.

She said the restaurant is in impeccable condition and is ideally located in the downtown area.

Since it was listed a few weeks ago, Ferris has received multiple inquiries.

"It's a cozy restaurant. It's a large restaurant. I don't foresee any issues with a new buyer taking over," she said, adding that Niva is willing to stay on for training and even share her recipes.

Ferris called it a unique opportunity for someone to take over a thriving business legacy.

Source: https://www.tbnewswatch.com/local-news/nivas-restaurant-goes-up-for-sale-10148545