This long established restaurant with entertainment periodically is ready for a New operator as the owners are looking to retire.
It is a large venue with great upside for the right owner operator. The multiple VLT’s pretty much cover the cost of the rent. Buyer must be approved by the landlord. Owner may assist with some financing for the Right operator.
- Asking Price:
- $395,000 (CAD)
- Sales Revenue:
- $1,500,000 (CAD)
- Cash Flow:
- $100K - $250K (CAD)
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
25000 per month per annum
- Location:
-
Well, populated neighbourhood location
- Premises Details:
-
7000
- Size in square feet:
- Approximately 7000 square feet
Business Operation
- Management type:
- This business has absentee ownership.
- Competition / Market:
-
No real competition in the area for the same type of venue
- Reasons for selling:
-
Owner’s retiring
- Years established:
- 1995
Other Information
- Financing available:
-
Possible part owner Financing for the Right buyer
- Furniture / Fixtures value:
- $150,000 (CAD)
- Inventory / Stock value:
- $30,000 (CAD)
