Not often will you find an established profitable pub with owned real estate in HRM come available. This local favourite is situated in a ideal location. For a new owner who has some fresh ideas, a personal touch, perhaps a focus on delivery and/or take-out (pizza?), there are numerous growth opportunities to add to this already profitable establishment.
A few details:
- seating for 125
- total full and part time staffing of 18, including owner. Some very stable and loyal staff.
- aloha POS, camera surveillance, and liquids metering systems
Average revenues for the past 3 years totalling $875k. Cash flow is in excess of $100k, after mortgage payment for a new owner's mortgage.
Revenues generated from multiple sources, including:
- Juke Box
- Advertising Posters
- Food and Drink
Mortgage payments on $500k will be approximately $3285/month, based on 20 years at 5%.
Owned Real Estate, new construction in 2001, there is a total of 3,215 sft. Loads of kitchen space available, approximately 365 sft.
- 13,694 sft (.314 acre) parcel of land
- 1.5 storey building (upper level offices and storage)
- municipal sewer and water
- new heat exchanger system
- 2016 tax assessed value of $686,500
- C-3 Zoning (General Business).
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