Advert ID:320 / Seller Reference:TheForum / Type:Business For Sale / Sector:Alcohol / Location:Ontario

Bar/Tavern/Restaurant/Hotel/Fast-Food/Retail Business for Sale

Opportunity Summary

A most excellent business opportunity for a promoter/marketer in this entertainment centered business.

Bar/tavern/restaurant capable of serving nearly 600 clients (licenced) and could draw major revenue from top name entertainers.

No competition in this region. This business also comes with various profit centers in hotel/apartment, fast-food, retail and restaurant businesses.

The business can be sold with or without corporate entities. Includes building and equipment. A turn-key business at a very reasonable price. Located in south-western Ontario, 1.5 hrs. from Toronto International Airport.

Years Established:: Recent (less than 1 year) by new owners but over 35 years by previous owners.

Property Details:: Down-town/main street property (85x225') 2 story brick block building, 15000 SQ.FT. Upper floor has 17 rooms/apts. all rented and main floor has bar/tavern/restaurant/fast-food and retail. Licenced for close to 600 with large patio.

Sales Revenue:: Has varied from $550k to $1.3 Million over past 10 years.

Net Profit:: $150k-$450k

Inventory/Stock Value:: $25000

Asking Price:: $850000

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