Cold Tea Lounge. 1193 Granville street, Vancouver, BC. $599,000
Restaurant with dual license, food primary and liquor primary, with the added bonus of audience participation and karaoke. The building has a rich history in the Vancouver nightlife scene, and has been around for decades. Located on the corner of Davie & Granville street, in the heart of the entertainment district. The space is 4,448 sq feet and licensed for 160 people. The space has an full chef's commercial kitchen, 2 private dining rooms, and a large private patio. Space is currently used as an event and nightlife space, while also running the house concept, and multiple ghost kitchen brands. Fully upgraded HVAC installed 2022. The property also includes a 5000 sq ft lower level, which with city approval can be added space, private rooms or a separate concept all together. The base rent is$17,800 per month plus operating costs, with possible options to renew.
- Asking Price:
- $599,000 (CAD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1M - $5M (CAD)
- Cash Flow:
- $50K - $100K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
17,800 per month plus operating costs
- Premises Details:
-
Full service restaurant, nightclub, event space
- Size in square feet:
- 4,448
Business Operation
- Expansion Potential:
-
lower level expansion. 5000 sq ft
- Competition / Market:
-
none
- Reasons for selling:
-
owner leaving country
- Trading hours:
-
11am to 3am
- Employees:
- 20
- Years established:
- 4
Other Information
- Support & training:
-
Full support on POS, ordering, menu recipes
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $450,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $50,000 (CAD) - included in the asking price
- Website:
- Login or register to view link
- Relocatable:
- This business can be relocated.
