This business, is a long-established restaurant, lounge, and pub located in the middle of an affluent neighbourhood, which continues to grow. The pub provides food, liquor, Lotto machines, and occasional entertainment to a long-devoted group of customers. The location is ideal, in an outdoor mall, in a traffic hub, surrounded by anchor tenants, and with several new apartment development projects nearby. Like all establishments of this type, Covid affected performance for the larger part of two years. But 2023 results show a large bounce back to historical results.
- Asking Price:
- $1,000,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,044,975 (CAD)
- Cash Flow:
- $281,772 (CAD)
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The Bar & Restaurant occupies 7,000 square feet in an outdoor mall. The space includes a well equipped kitchen, restaurant area, expansive bars, stage for entertainment, and dance floor.
Business Operation
- Expansion Potential:
-
A new owner, with a new brand, and renewed energy should be easily able to increase revenue and income.
- Competition / Market:
-
As usual there is lots of competition within the food service and restaurant industry, but less so in this neighbourhood for Lotto machines, and bars.
- Reasons for selling:
-
Retirement of Operating Owner.
- Trading hours:
-
Monday-Sunday 10am-12am
- Employees:
- 11 FT/15 PT
- Years established:
- 30
Other Information
- Support & training:
-
Will train for 8 weeks @ $0 cost.
- Furniture / Fixtures value:
- $25,430 (CAD) - included in the asking price
- Inventory / Stock value:
- $32,528 (CAD) - included in the asking price
