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Licensed For 600 Bar/ Pub/ Nightclub/ Restaurant For Sale

Hanover, Ontario
Asking Price:
$849,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$100K - $250K (CAD)

Not for the faint of heart!

If your serious about the entertainment business this facility is the one that will set you and your venue apart from all others.
Almost 10,000 square feet on the main floor with approximately 6000 square feet on second floor consisting of 18 room rentals. Room rentals alone ($65k-$85k) will mostly carry the building leaving the owner to further expand the bar/restaurant or to acquire further income by leasing out the retail space and/or the bar/restaurant and fast food portion.

Main floor houses the main bar (licensed for 364 persons), retail store, kitchen, pool rooms and bar, restaurant (lic. 114 persons), outdoor patio (lic. 84).
This business has been around since the fifties through various transformations.
Lots of options for new owners as to the direction you would wish to take going into the future.
There are no other bars in all of south western Ontario that will compete with the licensed capacity of this business.
Essentially the sale is an asset sale of real estate and contents, making this a turn-key business with tons of opportunity and potential.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

the building does contain a small one bedroom apartment

Location:

Hanover. Downtown in a vibrant south western Ontario town servicing a rural community of 60,000.

Premises Details:

Two story all brick building 85 x 112' on main street, with parking at back.

Size in square feet:
85 x 212'

Business Operation

Expansion Potential:

unlimited from a business perspective especially if you are a good promoter.

Competition / Market:

No other bar with this capacity (562) anywhere in the region.

Reasons for selling:

split in partnership, retirement.

Employees:
6
Years established:
60

Other Information

Furniture / Fixtures value:
$75,000 (CAD) - included in the asking price

Contact Seller

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