Liquor Primary Pub / Restaurant

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Liquor Primary Pub / Restaurant

Asking Price: $495,000
Revenue: Undisclosed
Cash Flow: Undisclosed
EBITDA: Undisclosed
Reference # : 975071
Business Category: Food & Beverage
Location: Langford, British Columbia
Contact Number: (250) 986-8900
Views: 9
Description

This is a rare opportunity to acquire a liquor primary pub/restaurant in a great high-traffic location in one of Victoria's fastest-growing communities.

The business has been in operation for just over a decade and is run by an absentee owner with full management staff in place. The business has the highly sought-after liquor primary license which allows the business to operate as a bar which gives the operators flexibility in how they operate.

Despite being a liquor primary, the pub has a massive and fully vented commercial kitchen space capable of handling the 200-seat restaurant with ease while providing ample prep space for catering opportunities. The recent approval of a University Campus, just a few minutes walk from the Pub will bring a brand new young demographic to the already busy area and continue to push sales to new highs.

The pub is fully turn-key and only requires a re-branding to be operational. The price of the business is less than half the cost of the build-out in today’s market and offers a great opportunity for an operator to acquire a great pub location with a proven track record of sales.

This ability to acquire this business with its liquor primary license and fully turn key build-out provides a savvy operator with a great opportunity to establish themselves in an already proven location.

With build-out costs reaching all-time highs and the extreme amount of time required for licensing of a liquor primary license, this opportunity truly represents great value in today's market that will the next operator to be operational and profitable immediately.

Langford, British Columbia

Additional Business Details
Real estate value/price: 
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Real Estate Included in Price: 
N/A
Inventory value: 
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Inventory Included in Price: 
N/A
Value of business equipment: 
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Included In price: 
Yes
Length of lease: 
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Assets, Training & Support
Support & Training?: 
Yes
Reason for Sale
Business Details
Relocatable: 
N/A
a Franchise: 
N/A
Asset sale: 
N/A
Lifestyle Business: 
N/A
Homebased: 
N/A
Absentee run: 
N/A
Seller financing available: 
N/A
Other Details
Length of ownership: 
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Employees Full Time: 
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Employees Part Time: 
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Proforma - Facts Sheet
Cost of goods sold: 
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Labor cost - hourly: 
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Labor cost - management: 
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Labor cost - commission: 
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Amortization: 
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Occupancy cost: 
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Utilities: 
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Property and business taxes: 
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Marketing and Promotion: 
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General expenses: 
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Contact this Seller

 
Broker - Agent

Kane Ryan

Real Estate Agent

Pemberton Holmes Real Estate

Certified Real Estate Brokerage