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Famous Historical Restaurant
Location: Canada -> Newfoundland -> Carbonear
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

The ''Stone Jug'' , located in Eastern Canada, has 3 distinct floors, plus the addition of a full basement. Each floor is approximately 3000 sf. ft. The 1st floor seats 75+ guests and has an 85 ft. bar and an open concept kitchen. The 2nd floor easily seats 185-200 guests. The 3rd floor theater and conference room seats 110 guests. All of these facilities make the Stone Jug a perfect venue for weddings, meetings, conferences, functions, theater & musical performance. Whether it's a private event, a night out with friends, a business dinner or an intimate tĂȘte-Ă -tĂȘte, you can move from one floor to the next without going outdoors. There are no other similar facilities in Eastern Canada, making this an instant positive ROI, and cash flow for years to come. The building is built with 1 Meter thick walls made out of hand-carved stone, dating back to the early 18th century. It rivals historical buildings found in New York, Paris or London. The building has undergone a total of $5,000,000 in restoration by the current owner. Clients are mesmerized by the beautiful gleaming hardwood floors & stairs, the tin ceilings & the glittering chandeliers imported from Europe, each its own distinctive charm. All furniture, including the 85 ft. bar is constructed from reclaimed wood imported from China. The property includes a 9000 sq.ft. parking lot, that has the potential to be converted into a hotel or other facilities The Bar & Grill Restaurant: Licensed as a restaurant, liquor and wild game, with no restrictions. This popular establishment is continually selected by the public, as a preferred venue for weddings, meetings, conferences, multi-level functions, theater and musical performances. Stone Jug has also been listed by the tourist industry, as a ''must visit'' 5 Star Restaurant in the Province. Stone Jug 1860 is extremely profitable since its opening in 2016. The profit level was 12% of sales in 2017, and 22% of sales in 2018/2019. For further information please contact me.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $2,844,516
Cash Flow:   $2,931,740
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned

About The Sale

Reason For Selling:  Retiring




Print Listing Id: 700348987
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Newfoundland Businesses For Sale > Newfoundland Franchises For Sale



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