Chris Doehner | 1052 – Neighbourhood Pub with 10 VLTs – $475,000

 

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1052 – Neighbourhood Pub with 10 VLTs – $475,000

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1052 – Neighbourhood Pub with 10 VLTs – $475,000

SUPERB OPPORTUNITY to own a large, busy and profitable pub in a SUPERIOR location with excellent exposure. The 10 VLTs are a very nice profit center and patrons really enjoy having them. It is a well-established business, with lots of regular clientele, and long term staff and the stage area makes for great concerts! This business seriously benefits from its own parking lot with plenty of parking, and the city has approved plans for a patio, which will BOOST business even further in the Summer!
Don’t hesitate to reach out and make a move – opportunities like that won’t last long!!

NOTE: A signed confidentiality agreement is required for address disclosure.

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 each of 2 levels
Number of Seats: 270
Number of Parking Stalls: Parking for up to 50 cars on grade parking; plus some underground
Style of cuisine: Pub grub; western food; snacks
Customer Demographics: Blue collar clientele; lots of regulars; mixed age groups
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.: Monthly rent approx. $17,262 which includes rent, CAM and GST.
Rent is only charged on the 6,600 sq. ft. upper level.
C.A.M.: Included in above monthly amount
Lease Term: Goes until December 2020
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.