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1105 – South End Pub with 3 VLTs – $399,000

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      This is a newly re-branded pub which is continuing the success of a well-known pub previously in the space. The location provides very high traffic and exposure by the door. Well-priced and a low lease rate for the area! Comes with 3 VLTs. The facility is fully-equipped and in great shape – ready for a new operator!

Sales: Gross sales: $1.2M projected per year

Size in sq. ft. 4,617 sq. ft.

No. of Seats: 178 plus 70 on patio

Number of parking stalls: Lots of parking in shopping center lot

Financing: Treat as clear title

Style of cuisine: Pub foods and snacks; full menu

Customer Demographics: Wide range of ages; locals; lots of regulars; hotel guests

Type of service: Table

Hours of operation:
11 am – 2 am

Number of employees: 12 to 15 – mixed full-time and part-time

Leasing information:

Rate per sq. ft. $22 per sq. ft. for years 1 and 2; $26 for years 3 & 4; $27 for years 5 & 6; $28 for years 7 & 8; $29 for years 9 & 10.

Gross monthly rent approx. $16,000 which includes rent, CAM and GST.
C.A.M. Included in above monthly amount (Op costs $7.29 per sq. ft. and taxes $9.31 per sq. ft.)
Lease Term: New 10-year Lease           Option periods: Two 5-year options
Deposit held by Lessor: 1 month

 


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