1147 – Profitable Neighborhood Pub
$ 399,000
CLICK HERE TO DOWNLOAD INFORMATION SHEET
This is a delightful, newly-built pub in a high-end residential area. It’s a true neighborhood pub! It’s well laid out and has a gorgeous patio. Complete kitchen which is immaculate! It has VLTs. Business is growing consistently!
Sales: Gross sales: 2020 – $434,000;
2021 – $667,000;
2022 – $914,000
Size in sq. ft. 3,140 sq. ft.
No. of Seats: 100 plus 60 on patio
Number of parking stalls: Lots of parking; first-come, first-served basis in shopping center
Financing: Treat as clear title
Style of cuisine: Pub fare; appetizers and full meals
Customer Demographics: Locals; lots of regulars; construction workers in area
Type of service: Table
Hours of operation:
Closed on Mondays; Tuesday – Sunday noon to 11 pm
Number of employees: 12 – mixed full-time and part-time – not including owners
Leasing information:
Rate per sq. ft. $22 per sq. ft.; gross monthly rent approx. $11,277.43 which includes rent, CAM and GST.
C.A.M. Included in above monthly amount
Lease Term: 10 years with 3 years gone
Option periods: Two 5-year options
Deposit held by Lessor: 1 month