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Established Pub And Restaurant In Vancouver For Sale

Vancouver, British Columbia
Asking Price:
$429,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$823,824 (CAD)
Cash Flow:
$138,404 (CAD)

The Business is a restaurant and pub centrally located in downtown Tri Cities, British Columbia, Canada. It is within walking distance to a mall and has daily high traffic flow. The restaurant is well known for its owner who is a chef. It is open seven days a week and offers ample parking.
Pub and Restaurant Business has been providing guests with great food, at a great value, for more than 38 years.

Property information

Real Estate:

Lease

Lease Terms:

13,000 per month, Lease expires in 2027

Location:

Centrally located in the TriCities area on a main road with a lot of drive-by and walked by traffic.

Premises Details:

The exterior of the building has been going through renovations. The restaurant is approximately 5,500 ft ² and is at capacity. The current lease is $13,000 per month and expires in 2027. Over 226 seating capacity with 30 person meeting room.

Size in square feet:
5,500

Business Operation

Expansion Potential:

There is a very good opportunity for expansion with this particular business. Please email or contact us for a full business profile and more information about opportunity for expansion.

Competition / Market:

The competition in the area is limited to fast food restaurants, and one chain restaurant on the higher end of the price scale.

Reasons for selling:

Owner is wishing to retire.

Trading hours:

Open seven days a week 11 am – 10 pm

Employees:
There are five full-time and 14 part-time employees. Below is a partial list of the employees. According to the owner, staffing is very consistent and all work as a team. The restaurant does not provide and benefits to their employees. Even though the employees are not aware that the owners want to sell the business, it is expected they will stay on after the sale.
Years established:
38 years

Other Information

Support & training:

Negotiable but training and support will be provided to ensure successful transition

Furniture / Fixtures value:
$120,000 (CAD) - included in the asking price
Inventory / Stock value:
$25,000 (CAD) - included in the asking price

Contact Information

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