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Prime Location Pizzeria And Bar In Langley For Sale

Langley, British Columbia, Canada
Asking Price:
$475,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$100K - $250K (CAD)

Located in the hub of BC's fastest growing community is this unique gem of an establishment. Known for quality, unique, handmade pizza dough and serving only local craft beers (20-25% of sales), this community orientated meeting place is profitable, established, and yet holds even more potential depending on where a new owner takes it. Surrounded by thousands of residences within just a couple hundred meters, it's common to have 80-90% of guests walk.

Established in 2020 during the pandemic, this 48 seat restaurant (32 inside / 16 patio) enjoys pizza exclusivity within the entire Willoughby Town Centre has seen revenue and profit increases, along with the creation of a patio, live music, seven seat bar, televisions and more...

The menu is simple, local, and incredibly well received in the community as reflected in generally excellent Google reviews.

The restaurant is 1,650 square feet corner unit with dining area, patio, two bathrooms, storage room, kitchen, dish pit, mop room, and attic. Sale includes all equipment, fridges, freezers and small wares.

This unit does not have commercial ventilation or gas supply and is run completely with electricity.

Owner is also open to exploring a partial or franchise style sale, where all ingredients and inventories are prepared for and supplied to new owner on demand and at fixed prices.

Owner financing is not an option offered at this time. The current staff are phenomenal but please do not approach or discuss potential sale. Owner is not desperate to sell, but feels sincere that his vision has been largely accomplished and it's fitting for another to take over.

Property Information

Real Estate:

Lease

Lease Terms:

1.5 years remaining on 5 year lease with 5 year renewal option.

Leasehold Rent:

$84,000 (CAD) per annum

Location:

Prime corner unit in the heart of Willoughby Town Centre in Willoughby, B.C.'s fastest growing community.

Premises Details:

Commercial unit with residential above.

Size in square feet:
1,650

Business Operation

Expansion Potential:

Expanded menu offerings, community focused events, heated / covered patio, advertising campaign (the current restaurant has grown organically with no paid advertising), etc.,

Competition / Market:

Pizza exclusivity within the Willoughby Town Centre and the only establishment with live music in the area.

Reasons for selling:

Owners vision to create a live music scene, patio, bar, scratch kitchen and unique dining experience has all been accomplished. The opportunity to continue growth seems more effective with a vision that continues on from what has been built.

Trading hours:

Sun: 4pm to 9pm
Mon: Closed
Tue-Thu: 11am to 9pm
Fri-Sat: 11am to 11pm.

Employees:
16
Years established:
4

Other Information

Support & training:

Owner is willing to extensively help transition process.

Furniture / Fixtures value:
$100,000 (CAD) - included in the asking price
Inventory / Stock value:
$7,500 (CAD)
Relocatable:
This business can be relocated.