1116 NW Pub with VLT’s – NOW $199,000
This pub has been established for a couple of decades and has a very strong following. It has very high visibility on a major thoroughfare in the NW. The 15+ VLTs draw many customers with lots of play.
The Landlord has committed to a complete external make-over including windows, stucco, painting and signage. Construction is to start imminently, It will look like a totally new building from the outside. Great opportunity to take over this profitable business!
Sales: Gross sales: $1,380,000 per year
Size in sq. ft. 7,560 sq. ft.
No. of Seats: 275
Number of parking stalls: 45
Financing: Treat as clear title
Style of cuisine: Full menu; pub-grub
Customer Demographics: Lots of regulars; very active VLT play
Type of service: Table
Hours of operation:
11 am – 1 am; 7 days a week
Number of employees: 20 – 25 staff – mixed full-time and part-time
Leasing information:
Rate per month: $15,750 monthly plus GST
C.A.M. Mainly property taxes at $6,000 per month
Lease Term: 18 months left Option periods: One 5-year option
Deposit held by Lessor: None
