Business Summary:
Beautiful Pub, Restaurant and function facility located in Norfolk County. This established and profitable Business has Full Liquor & Entertainment licenses. Sales are currently 75% alcohol to 25% food. The turn-key business enjoys outdoor seating and great visibility. The Real Estate is appraised for $1,200,000 and is 1.5 acres. There is a 3 bedroom apartment above the Bar that generates $10,800 in additional rental income each year. This is a good Real Estate Play.
FACILITY: This is a 10,000 square foot facility is zoned restaurant/club with the town. There is a Bar and Restaurant on the first level and a large function facility on the lower level. There is also outdoor seating for 50 on the patio.
CONDITION: The Bar & Restaurant are in very good condition.
PARKING: There are 105 parking spaces dedicated to the facility
EQUIPMENT: The equipment is newer and is in good working order and has been well maintained
LEASE TERM: Five (5) year lease with options available
BASE RENT: $7,500 per month NNN
CONCEPT: Pub/Restaurant/Functions
CAPACITY: Bar & Restaurant: 180 Function Facility: 220 (Full Sprinkler System)
HOURS: 11:30 AM – 1:00 AM
LICENSES: Full Liquor License & Full Entertainment License, Keno
SALES: Approximately $830,000 in 2010 (75% Alcohol to 25% Food ratio)
CASH FLOW: Approximately $100,000 in 2010
PRICE: $365,000 (For the business) $1,350,000 for Business & Real Estate
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