Established Pub & Grill In Halifax For Sale - Click for Details

Listing ID

1124

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Location

HRM

Description

This local beverage room and food establishment is situated in a ideal location for a new owner who may have a focus on delivery.

- 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.

Financial Information

Average revenues for the past 3 years totalling $875k

Revenues generated from multiple sources, including:

- Juke Box
- ATM
- VLTs
- Advertising Posters
- Food and Drink
- Entertainment

Property is owned by the seller, lease agreement to be negotiated. Lease rate has not been taken into the cash flow calculations. As such, you have $147k, before tax, debt, and lease, to work with.

Minimum Equity Required

$90,000

Real Estate

There is a total of 3,215 sft.

- 1.5 storey building (upper level offices and storage)
- new heat exchanger system, efficient energy bills
- C-3 Zoning (General Business)

If interested in acquiring property, seller would consider selling the property.

Price

$229,000

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.

Non-Disclosure Agreement