Business for Sale Overview:
This 137 seat neighbourhood sports bar with 2 patios, liquor and convenience store has been serving area residents, vacationers and business travellers since 1993. The Pub Restaurant is beautifully decorated, maintained and renovated with a second storey and a number of upgrades. The convenience store is generating rental income. Additionally, there are 2 residential units above the Pub that could be generating a return as currently they are seller occupied, or used for further seating expansion on the 2nd level. There is a moratorium on area liquor licenses and it holds 2 for the pub and 1 for liquor sales. The property is close to the new convention centre and is in a prime all season destination location with a Lake view. The seller is selling the operational balance sheet of the businesses which includes the normal required working capital of $172,000 together with the 3 buildings sitting on .68 acres; Pub with 2nd level apartments, Liquor Store and a Convenience Store which are all included in the combined Asking Price of $3,380,000. For more information, please contact the Pacific broker Neil Thomson at 250.870.9094 or send an email to neil@pacificmergers.ca.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.