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1116 NW Pub with VLT’s – $399,000

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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


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