Description

Not often will you find an established profitable pub with owned real estate in HRM come available. This local beverage room and food establishment is situated in a ideal location for a new owner who may have a focus on delivery.

A few details:

- seating for 125
- total full and part time staffing of 18, including owner. Some very stable and loyal staff.
- aloha POS, camera surveillance, and liquids metering systems

Financial Information:

Average revenues for the past 3 years totalling $875k

Revenues generated from multiple sources, including:

- Juke Box
- ATM
- VLTs
- Advertising Posters
- Food and Drink
- Entertainment

Mortgage payments on $500k will be approximately $3285/month, based on 20 years at 5%.

Real Estate / Lease:

Owned Real Estate, new construction in 2001, there is a total of 3,215 sft. Loads of kitchen space available, approximately 365 sft.

- 13,694 sft (.314 acre) parcel of land
- 1.5 storey building (upper level offices and storage)
- municipal sewer and water
- new heat exchanger system
- 2016 tax assessed value of $686,500
- C-3 Zoning (General Business)

Posted Aug 3, 2016

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Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.