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905 – Neighborhood Pub – reduced to $229,000

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This is a busy neighborhood pub with both industrial and residential surroundings. Comes with 2 pizza ovens and 4 VLTs. There’s lot of parking. Shopping center is being totally renovated and the pub is ready for the marketing ideas and energy of a new owner.

Sales: Gross sales: $55,000 per month for food and beverage; $4,000 – $5,000 income from VLTs; $2,000 per month from delivery

Size in sq. ft. 3,024 sq. ft.

No. of Seats: 59 plus 16 on patio

Number of parking stalls: First-come, first-served basis in shopping center lot

Financing: Treat as clear title

Style of cuisine: Pub food, snacks, pizza

Customer Demographics: Locals from surrounding area; business people in shopping plaza

Type of service: Table

Hours of operation:
11 am – 1 am Monday to Saturday; Sundays 1 pm – 10 pm

Number of employees: 8 – with half full-time and half part-time

Leasing information:

Rate per sq. ft. $24 per sq. ft.; gross monthly rent approx. $9,030 which includes rent, CAM and GST.
C.A.M. Approx. $11.50 per sq. ft. and included in above monthly amount
Lease Term: Goes to September 2017             Option periods: One 5-year option
Deposit held by Lessor: $25,000


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