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Great Turnkey Opportunity to own a Neighborhood Lounge!

In Queensland -

This bar in Southeast Calgary is perfect for someone who wants to own and operate their own pub business! Established modem, casual hospitality and entertainment venue in excellent location.
It has a loyal clientele from the surrounding area and has great square footage with area’s for pool and gaming, a quieter space for conversation and VIP group functions, along with a stage area and dance floor.
The property has recently received many upgrades that have been well received by the locals, and has a new marketing program in place.
As of mid 2011, the business has a renewed commitment with the management.

This facility is licensed for 149 seats and four (4) Video Lottery Terminals (VLT).   Gross revenue is projected to be $690,000 for the year 2011 and $780,000 for 2012.

For a list of included chattels or to schedule a private appointment to view the business, contact Bob Sheddy between 8 a.m. and 11 p.m. at 403.324.2222 or email bob@telus.net

***NOTE: If you decide to visit the location, we would ask that you please do not speak to any staff or customers directly. 

Financial Statements may be provided to a qualified prospective purchaser after an in person meeting, signing of a confidentiality agreement, and approval of the Seller.

Size (sqft): 4800 +/-
Patio: is 24 x 22 ft.= 528 sq. ft.
Style of Cuisine: Pub Food Menu
Customer Demographics: Locals from the area, people coming for the live music, pool leagues and restaurant customers.

Lease Rate: $13 per sq. ft.
CAM Rate: Approx $5.00 sq. ft.
Lease from January 1, 2011 to January 30, 2016.
Option Periods: Two Five (5) Year Options at FMV
Inventory and Working Capital: Not Included in Sale

Fire inspection. Max Occupancy Load 149 Patio load of 53
Fire Protection: Monitored Heat Detectors and Kitchen Canopy

Property Details

  • ID: 201116179
  • Status: Sold on 2013-03-01
  • Neighbourhood: South East Calgary
  • Property ID: 100691926
  • New Construction: No
  • Style: Business
  • Building Size: 4800 +/-

Designations

Commercial Property
Listed By Bob Sheddy of CENTURY 21 PowerRealty.ca