HRM Pub & Eatery - SOLD
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 $850K.
Cash flow is in excess of $83K, 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%.
Minimum Equity Required
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)
Non Disclosure Agreement
I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.
I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.
I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.
It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.
This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.