Owner Financing is Available!
Business Overview:
Beautiful Pub, Restaurant and function facility located in Norfolk County. This established and profitable Business has Full Liquor & Entertainment licenses. Sales are currently 75% alcohol to 25% food. The turn-key business enjoys outdoor seating and great visibility. The Real Estate is appraised for $1,200,000 and is 1.5 acres. There is a 3 bedroom apartment above the Bar that generates $10,800 in additional rental income each year. This is a good Real Estate Play.
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.
Property Features and Assets:
FACILITY: This is a 10,000 square foot facility is zoned restaurant/club with the town. There is a Bar and Restaurant on the first level and a large function facility on the lower level. There is also outdoor seating for 50 on the patio.
CONDITION: The Bar & Restaurant are in very good condition.
PARKING: There are 105 parking spaces dedicated to the facility
EQUIPMENT: The equipment is newer and is in good working order and has been well maintained
LEASE TERM: Five (5) year lease with options available
BASE RENT: $7,500 per month NNN
CONCEPT: Pub/Restaurant/Functions
CAPACITY: Bar & Restaurant: 180 Function Facility: 220 (Full Sprinkler System)
HOURS: 11:30 AM – 1:00 AM
LICENSES: Full Liquor License & Full Entertainment License, Keno
SALES: Approximately $830,000 in 2010 (75% Alcohol to 25% Food ratio)
CASH FLOW: Approximately $100,000 in 2010
PRICE: $365,000 (For the business) $1,350,000 for Business & Real Estat
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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