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Business for sale in Canada - Pub and liquor store - development potential property

Asking Price: 3,380,000 $ CDN Real Estate: Ownership
Sales Revenue: 2,250,000 $ CDN
Net Profit: 315,000 $ CDN
Year Established: 1993
Employees: 5FT, 25PT
# of family members employed: Not Disclosed
Location criteria:
Canada/British Columbia/Okanagan

Business types:

Accommodation & Food services

Business categories:

Bars & Taverns

Business description

this 137 seat neighbourhood sports bar with 2 patios, liquor and convenience store has been serving area residents, vacationers and business travellers since 1993. The pub restaurant is beautifully decorated, maintained and renovated with a second storey and a number of upgrades. The convenience store is generating rental income. Additionally, there are 2 residential units above the pub that could be generating a return as currently they are seller occupied, or used for further seating expansion on the 2nd level. There is a moratorium on area liquor licenses and it holds 2 for the pub and 1 for liquor sales. The property is close to the new convention centre and is in a prime all season destination location with a lake view. the seller is selling the operational balance sheet of the businesses which includes the normal required working capital of $172,000 together with the 3 buildings sitting on .68 acres; pub with 2nd level apartments, liquor store and a convenience store which are all included in the combined asking price of $3,380,000.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: Relocating
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 $ US
Location: Not Disclosed