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953 – Neighborhood Pub with VLTs – $629,000

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     This is a very profitable pub with LOTS OF VLTs. Many regular clientele. Well-established pub and shows very well from a recent renovation. Pubs with this many VLTs don’t come up very often!

Sales: Gross sales: $1,365,000 per year, including income from VLTs

Size in sq. ft. 4,400 sq. ft.

No. of Seats: 205

Number of parking stalls: 6 – 7 in back for employees; customers park in shopping center lot

Financing: Treat as clear title

Style of cuisine: Casual dining; pub food

Customer Demographics: 30 – 55 year age group; business people; shoppers; locals; lots of regulars

Type of service: Table

Hours of operation:
Sunday to Wednesday 10 am – 1 am

Thursday, Friday & Saturdays 10 am – 2 am

Number of employees: 14 – with 8 full-time and 6 part-time

Leasing information:

Rate per sq. ft. $31 per sq. ft.; or monthly base rent approx. $11,000.

Total monthly rent $19,000 which includes rent, CAM, property tax and GST.
C.A.M. Included in above monthly amount
Lease Term: 1.5 years left             Option periods: One 5-year option
Deposit held by Lessor: 1 month (to be verified)


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