Business Description
Gross Annual Income: With an impressive $5 million in gross income annually, the business demonstrates a strong financial performance, promising substantial returns on investment and long-term profitability.
Turnkey Business: The sale includes real property, the entire business, providing a seamless transition for the new owner and ensuring continuity in operations.
Comprehensive Licensing: The business comes fully equipped with a range of licenses, including liquor, wild game, and fishing permits, offering versatility in culinary offerings and entertainment options.
Unrestricted Business Operations: Enjoy the advantage of an exceptional and unique license, granting the freedom to operate across various business endeavors without constraints within Canada, providing unparalleled flexibility and opportunity for diversification.
Versatile Event Venue: Renowned for its versatility, the business is a sought-after venue for weddings, meetings, conferences, theater productions, and musical performances, attracting diverse clientele and ensuring steady revenue streams throughout the year.
Prime Development Opportunity: With 9,000 sq.ft of extra lot space, there's immense potential to capitalize on the location by expanding into the hospitality sector with the addition of a hotel, tapping into a lucrative market segment. Detailed 3rd party professional study carried out by CBRE favorably supports that a hotel would thrive in the local economy which is current under-served.
The building is built with 1-Meter-thick walls made out of hand carved stone dating back to the early 18th century. It rivals historical buildings found in New York, Paris or London. The building has undergone a total of $5,000,000 USD in restoration by the current owner. Clients are mesmerized by the beautiful gleaming hardwood floors & stairs, copper ceilings, glittering chandeliers and woodwork.
The business has become a very popular establishment and is continually selected by the public, as a preferred venue for weddings, meetings, conferences, multi-level functions, theater & musical performances. The business has also been listed by the tourist industry, as a “must visit” 5 Star Attraction in the Province.
The Restaurant and Building features 3 distinct floors, plus the addition of a full basement. Each floor is approximately 3000 sq. ft. The 1stfloor seats 85+ guests and has an 85 ft. bar and an open concept kitchen. The 2nd floor easily seats 185 -200 guests. The 3rd floor theater and conference room seats 120 guests. All of these facilities make the Stone Jug a perfect venue for weddings, meetings, conferences, functions, theater & musical performance. Whether it’s a private event, a night out with friends, a business dinner or just a casual evening in the pub, you can move from one floor to the next to a completely different venue. There are no other similar facilities in Eastern Canada.
