Exceptional Okanagan Restaurant And Craft Brewery For Sale

Property Information

Real Estate:

Lease

Lease Terms:

$8,800 per month, plus NNN. Lease run through June 2026 and has a 5-year renewal option

Leasehold Rent:

$105,600 (CAD) per annum

Location:

Located on main thoroughfare, easy ingress-egress, ample parking and patio seating

Premises Details:

The facility boasts a spacious main floor, covering a total area of 3165 sq ft, with an additional 3393 sq ft exterior area that is used as a patio in the warmer summer months.

On the main floor, patrons are greeted with indoor dining options that comfortably accommodate over 30 tables, supplemented by inviting bar seating. The pub's charm extends beyond its interiors, as it boasts a beautiful patio during warmer seasons, offering patrons an idyllic setting to enjoy their meals and handcrafted beers.

The top floor is 1042 sq ft. and is thoughtfully designed to provide a multipurpose space for administrative activities and storage, ensuring seamless operations behind the scenes while maintaining the pub's aesthetic appeal. The basement serves as the brewery and houses all of the machinery for the pub. This space is used to brew all of the beer for the entire restaurant as well as store it in a temperature-controlled setting.

Size in square feet:

3,165

Planning Consent:

Then main floor is 3,165 ft2

Business Operation

Competition / Market:

The Breweries industry in Canada has experienced growth over the five years to 2022 despite broader economic volatility due to the COVID-19 (coronavirus) pandemic. During most of the period, the industry has benefited from the increased popularity of craft beer from local microbreweries. While this has resulted in revenue and enterprise growth from a range of new small-scale breweries, consumers have shifted away from the traditional light and premium beer brands that currently represent most industry brewers' sales. During the pandemic, a rise in at-home consumption of beer managed to prevent a notable decline in industry revenue in 2020. Ultimately, expect industry revenue to rise an annualized 0.7% to $7.2 billion over the five years to 2022. This rise includes an anticipated increase of 1.8% in 2022 alone as pandemic-related restrictions ease.

Due to the rising popularity of small-scale breweries before 2022, there were concerns regarding the long-term growth prospects of international brewers. Significant pressure has been put on these large international brewers as they rely heavily on high-volume sales of their flagship value products. Budweiser, brewed by Anheuser-Busch InBev SA/NV (AB InBev), and Molson Canadian, brewed by the Canadian division of Molson Coors Beverage Company, are two brands that have been affected by the growing popularity of craft beer. Due to the higher price of craft beer, consumers are increasingly buying beer in smaller quantities in exchange for higher-quality brands or are reducing their alcohol purchases altogether. Industry profit has suffered from shifting demand and rising input costs.

Industry operators produce alcoholic beverages, such as beer and malt liquor, as well as nonalcoholic beer, using water, barley, hops, yeast and other occasional adjuncts. The industry has benefited from the increasing popularity of craft beer made by local microbreweries. This industry does not encompass manufacturers of wine, spirits, and other alcoholic beverages.

Reasons for selling:

Retirement

Trading hours:

Sun-Thu: 11:00 AM - 9:30 PM
Fri/ Sat: 11:00 AM - 10:30 PM

Employees:

35

Years established:

2006

Other Information

Support & training:

The Owners are committed to successful transition for the Buyer

Furniture / Fixtures value:

$1,500,000 (CAD)

Inventory / Stock value:

$93,000 (CAD)

Website:

Login or register to view link

Relocatable:

This business can be relocated.