Pub Restaurant

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Pub Restaurant

Asking Price: $595,000
Revenue: Undisclosed
Cash Flow: Undisclosed
EBITDA: Undisclosed
Reference # : 969324
Business Category: Food & Beverage
Location: Langford, British Columbia
Contact Number: (250) 986-8900
Views: 131
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.

This business has been in operation for over a decade and is run by an absentee owner with 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 Secondary Education Campus, just a short distance away 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/restaurant location with a proven track record of sales.

This opportunity to acquire this business with its liquor primary license and fully turnkey 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.

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