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933 – SE Neighborhood Pub – $295,000

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This is a fantastic neighborhood pub with high-end fixturing throughout. Great demographics in surrounding neighborhoods. Has a full kitchen; Cheers type bar; great stage and sound system; male and female washrooms; patio and 3 VLTs.

 

Sales: Gross sales: $800,000 – $900,000 per year

Size in sq. ft. 5,126 sq. ft.

No. of Seats: 170 seats plus 24 on patio

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

Financing: Treat as clear title

Style of cuisine: Casual dining

Customer Demographics: Locals from surrounding neighborhoods; lots of regulars; business people from shopping center and office building

Type of service: Table

Hours of operation:
11 am – close; 7 days a week

Number of employees: 12 – 14 – mixed full-time and part-time

Leasing information:

Rate per sq. ft. $18 per sq. ft. net or $7,689 per month

C.A.M. Approx. $14.07
Lease Term: 5 year term – goes to January 31, 2019

First 5-year option is $21 per sq. ft. net

Second 5-year option at fair market value

Option periods: Two 5-year options

Deposit held by Lessor:  $12,782 – to be verified


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