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!
$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
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