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963 – Neighborhood Pub with 4 VLTs – $198,000

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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 per month from VLTs; $2,000 per month for pizza delivery

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

No. of Seats: 59 plus 16 on patio

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

Financing: Treat as clear title

Style of cuisine: Casual dining; pub food; pizza

Customer Demographics: Locals; lots of regulars; business people in area

Type of service: Table

Hours of operation:
11 am – midnight Monday to Saturday; Sundays 3 pm – 9 pm

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

Leasing information:

Rate per sq. ft.

$24 per sq. ft. until December 2018; $9,231 per month all included

$26 per sq. ft. until July 2023

C.A.M. I$11.50 per sq. ft. approx. Included in above monthly amount

Lease Term: Goes to December 2018 then then the next 5-year rate is pre-set

Option periods: One 5-year option to July 2028

Deposit held by Lessor: $25,000


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