953 - PUB IN SW WITH 15 VLT’s - $629,000
This is a very profitable pub with 15 VLTs. Many regular clientele. Well-established pub and shows very well from a recent renovation. Pubs with this many VLTs don’t come up very often!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross sales: $1,365,000 including income from VLTs
Size in sq. ft.: 4,400 sq. ft.
No. of Seats: 205
Number of parking stalls: 6 – 7 in the back for employees; customers use shopping centre lot
Style of cuisine: Pub menu
Customer Demographics: 30 – 55 year age group; shoppers; locals
Type of service: Table
Hours of operation:
Sunday to Wednesday 10 am – 1 am
Thursday, Friday & Saturdays 10 am – 2 am
Number of employees: 14 with 8 full-time and 6 part-time
Rate per sq. ft.:
$31 per sq. ft. or $11,000 per month base rent
Total monthly rent $19,000 including rent, property tax, CAM and GST
C.A.M.: Included in above monthly amount
Lease Term: 1.5 years left
Deposit Held by Lessor: 1 months (to be verified)
Financing: Treat as clear title