1043 – VERY Profitable Pub - OFF MARKET
This is a well-established and very profitable pub on a main thoroughfare. Patio with heaters to extend the outdoor season. Comes with 4 VLTs. Lots of regulars. Renovation possibilities for expansion for both the basement and mezzanine. Has an old Irish pub feeling and is in a great location. Bring your energy and ideas to this exciting opportunity.
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross Sales: $1,111,500 to year end April 30, 2019
Size in sq. ft.: 2,525 sq. ft. on main; plus 656 sq. ft. downstairs
Number of Seats: 150
Number of Parking Stalls: 16
Style of cuisine: Wide menu; high-end pub food
Customer Demographics: Locals and many regulars. Walk-by traffic.
Type of service: Table
Hours of operation:
Sunday 9 am – 1 am; Monday to Wednesday 11:30 am – 1 am
Thursday & Friday 11:30 am – 2 am; Saturday 9 am – 2 am
Number of employees: To be confirmed
Rate per sq. ft.:
Aug. 1, 2019 – July 31, 2022 basic rent is $5,594.96 plus GST
Aug. 1, 2022 – July 31, 2024 basic rent is $5,859.91 plus GST
Aug. 1, 2024 – July 31, 2027 basic rent is $6,124.98 plus GST
C.A.M.: $3,200 per month
Lease Term: Goes to July 31, 2027
Option Periods: Two 5-year options
Deposit held by Lessor: $8,000
Financing: Treat as clear title