963 - Neighbourhood Pub with VLTs - $198,000
This is a busy neighbourhood pub with both industrial and residential surroundings. Comes with 2 pizza ovens and 4 VLTs. There’s a lot of parking. The shopping centre is being totally renovated and the pub is ready for the marketing ideas and energy of a new owner.
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Business Information
Gross sales: $55,000 per month for food & beverage $4,000 - $5,000 per month from VLTs $2,000 per month from pizza delivery Size in sq. ft.: 3,024 sq. ft. No. of Seats: 59 plus 16 on patio Number of parking stalls: Lots of parking in shopping center Style of cuisine: Pub food, snacks, pizza Customer Demographics: Locals; business owners in shopping plaza & surrounding area Type of service: Table Hours of operation: 11 am - midnight Monday – Saturday Sundays 3 pm – 9 pm Number of employees: 8 with half full-time and half part-time
Leasing information:
Rate per sq. ft.: $24 per sq. ft. until December 2018; $9,231 per month all included $26 per sq. ft. until July 2023 C.A.M.: $11.50 per sq. ft. approx. Included in above monthly amount Lease Term: Goes to December 2018 then the next 5-year rate is pre-set (see above) Option Periods: One 5-year option to July 2028 Deposit held by Lessor: $25,000 Financing: Treat as clear title
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