This one of a kind downtown restaurant and bar is fully equipped with over $1 million invested into both the assets and leasehold improvements. Owners are moving and are looking to sell the assets and leaseholds in place. Perfect for a large franchise opportunity, as you would be paying only part of what has already been invested. Appraisals for the assets and leasehold improvements have already been done and are available to assist a new operator for financing.
- Asking Price:
- $600,000 (CAD)
- Sales Revenue:
- Not applicable
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
8+years left + option
- Leasehold Rent:
-
26324 per month per annum
- Location:
-
Premier Downtown Halifax location with patio
- Size in square feet:
- 6800 sq ft
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Opportunity to expand the footprint with expanding to the back room or reduce the lease by separating the two.
- Reasons for selling:
-
Owners moving
- Trading hours:
-
4-11 Tues - Fri
12-11 Sat - Sun
- Years established:
- 2023
Other Information
- Furniture / Fixtures value:
- $1,227,000 (CAD)
