# 1189 Neighborhood Pub!
$ 179,000
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This free-standing neighborhood pub has been established for many years. They have a loyal following. The pub has lots of parking with its own lot, plus lots of on-street parking. Patio faces south and west so is very sunny and popular. The building had a new roof about 2 or 3 years ago. The basement has a kitchen, meeting room and storage etc. Great opportunity for an owner/operator!
Sales: Gross sales: $250,000 per year or $20,000 – $25,000 per month
Size in sq. ft. 1,200 sq. ft.
No. of Seats: 65 – 70 actual; licensed for 99. Patio – 20 seats but licensed for 40 – 44
Number of parking stalls: Lots of parking in lot plus on-street
Financing: Treat as clear title
Style of cuisine: Pub food
Customer Demographics: Business people; locals; lots of regulars
Type of service: Table
Hours of operation:
Noon – 9 pm; 6 days a week. Closed Sundays.
>Number of employees: 3 plus 5 – 6 on call.
LEASING INFORMATION:
Rate per month: Gross monthly rent approx. $5,575 which includes rent, CAM and GST.
Property taxes $1,733 per month (approximately $21,000 per year)
C.A.M. Included in above monthly amount
Lease Term: 5 years with 1.5 years left Option periods: One 5-year option
Deposit held by Lessor: $2,500