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933 - Stunning SE Neighbourhood Pub!  - $295,000

This pub is a popular meeting spot in the heart of a nice, affluent community with a stunning ambience!

Lots of regular quality clientele, plenty of parking, dart and billiard league events and contracts to host NHL sports radio segments, 3 VLTs, ATM, large patio and a great stage. The heart of the pub is the stunning high-end u-shaped bar made of beautiful wood and creating a cheerful atmosphere. This professionally managed hospitality business has been run with great attention to detail and a passion for great service – it shows excellent and opportunities to acquire a profitable, unique pub like this are rare!

This opportunity will not last long – contact Chris to arrange a showing ASAP! 

Business Information

Gross sales:  $800,000 - $900,000 per year
Size in sq. ft.:  5,126 sq ft.
No. of Seats: 170 seats plus 24 on the patio
Number of parking stalls: Lots of parking in a large lot
Financing: Treat as clear title
Style of cuisine:  Full menu; pub fare
Customer Demographics: Locals from surrounding residential neighbourhoods; business people in the shopping centre
Type of service: Table
Hours of operation: 11am-close, 7 days a week
Number of employees: 12 - 14 with a mix of full and part-time

Leasing information:

Rate per sq. ft.: $18 per sq. ft. net or $7,689 per month
C.A.M.: Approx. $14.07
Lease Term:
5-year term – goes to January 31, 2019
First 5-year option is $21 per sq. ft. net
Second 5-year option at fair market value
Option Periods: Two 5-year options
Deposit held by Lessor: $12,782 - to be verified
Financing: Treat as clear title