Pub, Liquor Store & Development Potential Property
Location:
Canada
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British Columbia
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Okanagan
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
This 137 seat neighborhood sports bar for sale, with 2 patios, and liquor store has been serving area residents, vacationers and business travelers, since 1993. It is beautifully decorated, maintained and recently renovated adding a second storey and a number of upgrades. The business incurred high capital expenditures in 2005 & 2006 due to upgrading. Not all leasehold costs have been capitalized. The property has an attached rented commercial unit generating income. Additionally, there are 2 residential units that could be generating a return as currently they are seller occupied. The property is zoned C2. The area is undergoing extensive development adding up to 700 strata units in the immediate area. There is a moratorium on area liquor licenses and it holds 2 for the pub and 1 for liquor sales. It is close to the new convention centre and is in a prime all season destination location with a Lake view. All current Capital leases are schedule to be fulfilled by 2010. For more information please email or call Pino Bacinello 604.696.6111 x 207.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$2,076,731
Cash Flow:
$76,021
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 1993
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Reason For Selling: Relocation.
Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 70094860
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