• Property ID: 1689
  • Post Updated: 2021-06-17 12:52:50
  • Status:
  • Industry: Restaurant / Bar
  • Location: GTA - west

Description

A great opportunity to own an iconic bar and restaurant that has been operating for close to 40 years. The bar is known throughout the region for its live music 7 days a week and has been the genesis for start-up bands for decades. Customers flock to hear new music and regular bands who have been playing on the same night for years. The surrounding area is bustling full of eclectic bars, restaurants and shops.  This market attracts both business people for lunch to an over 30 crowd for dinner which then turns into a vibrant outdoor fiesta of music and food. This is the longest-standing business in the market. Consisting of the largest frontage onto the street and a 100+ seat outdoor patio, some of which is covered with its own outdoor bar and could be closed in to add more year-round seats. This is an opportunity to own a piece of land and a building just west of the GTA, with a reputation for attracting crowds for over 4 decades. The business can be changed and the offering improved, however, the bricks and mortar remain stellar.

Business valued at $250,000 and Property valued at $1,250,000. 

Extras: All Equipment, Leasehold Improvements & Chattels Included In The Price. Financial Statements Provided Only On Signing NDA. Financing Can Be Arranged For The Right Candidate. Inventory Extra.

  • Inventoy: Extra
  • MLS Code: Exclusive
  • Type of sale: Asset
  • Reason for sale: Retiring
  • Training & support: Yes

Features

Features:
  • Food
  • Food and Bar

Company Information

  • Year Established: 1985

Financial Information

  • Gross Revenue: $488,000
  • FFE Included: Yes
  • Financing/Terms: Financing Can Be Arranged For The Right Candidate

Disclaimer

  • Disclaimer: The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

Turnkey Business for Sale