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Established Inn, Café, Lounge And Banquet Hall For Sale

Avondale, Newfoundland, Canada
Asking Price:
$500K - $1M (CAD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Well established business that has been operating at this location for over 80 years. The current building is 8600 square feet and very well built. It consists of a banquet hall catering to weddings, banquets, parties and dances. It has a pub which operates daily with 5 VLTs, pool and darts. This has been the local watering hole for over 80 years. A café catering to lunch and school kids is also located on the ground floor. The upper level is operating as a boutique hotel with eight rooms fully equipped with washrooms, TV and Wifi. Bookings are currently registered with Airbnb and A common area, kitchen, laundry room, breakfast nook and bathroom are also situated downstairs. There is a steel fire escape and a beautiful deck overlooking the Salmon River. A games and poker room leads out to the deck overlooking the scenic river. The building is heated with two commercial furnaces with radiation heat while the pub is heated with a recently installed heat pump. The building boasts its own central fire alarm system and full sized concrete basement, artesian well and new septic system. There have been many improvements to the building in the past ten years, including new commercial torch on roofs, all new windows, siding and doors. The Pub parking lot has also been newly paved in the past five years. Plumbing has been completely upgraded with newly installed PVC and Pex pipe.

This location is near to The Regional High School, Town Council Office, Post Office, General Store, Doctor's Office, Pharmacy and Church. The town is home to Eastbound International Speedway, the only NASCAR sanctioned Racetrack in eastern Canada. We also have the only active Tourist Attraction Railway Station in NL and the Old Mill and Destination RV Parks. The river that runs adjacent to the building has fishing in season and we are within walking distance of the currently being built Marina which overlooks the beautiful Atlantic Ocean. There is also many walking trails in the town and one that leads to Lees Pond Mountain overlooking the beautiful town of Avondale.
Furniture and fixtures valued over $100,000 are included in sale price as well as inventory and Stock. People employed are current owner, one full time employee and two part time employees are working as well as seasonal workers.
Owner has successfully operated the business for 25 years and is retiring. Real property included with the building. Lots of parking available.
Owner financing is available. Sales Revenue and Cash Flow statements are available to serious buyers!

For more information, please contact us by using the form below.

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