Chris Doehner | 1024 - Pub with 10 VLTs – $579,000

 

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1024 - Pub with 10 VLTs – $579,000

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1024 - Pub with 10 VLTs – $579,000

This is a very large, busy and profitable bar with 10 VLTs. Regular clientele and long-term staff make it a well-established business. Full kitchen and male & female washrooms. A lower level of 6,600 sq. ft. has ample room for storage and offices. No rent is charged on the lower level. There is lots of parking to the east of the building plus some underground parking.

This opportunity will not last long – contact Chris to arrange a showing ASAP!

Business Information

Gross sales: $1,300,000 per year
Size in sq. ft.: 6,600 sq. ft. on main; plus 6,600 sq. ft. downstairs (rent free)
No. of Seats: 270
Number of Parking Stalls: Parking for up to 50 cars on-grade parking; plus, some underground parking
Style of cuisine: Pub food; casual dining
Customer Demographics: Blue collar clientele; locals; lots of regulars
Type of service: Table
Hours of Operation: 10 am – 2 am; 7 days a week
Number of Employees: 22 – mixed full-time and part-time

Leasing information:

Rate per sq. ft.: $17,262 per month for rent,  CAM and GST. Rent only charged on 6,600 sq. ft. on main level
C.A.M.: Included in the above monthly amount
Lease Term: 1 year left   
Option Periods: One 5-year option
Deposit held by Lessor: 1 month (to be verified)
Financing: Treat as clear title

Please contact Chris for any questions or to set up a showing.