Locals Favorite Ontario Beer & Wine Sports Bar For Sale

Business description

This Ontario beer and wine sports bar is a clean, well-established watering hole that has been a local favorite for decades. While this bar enjoys a strong customer base largely comprised of nearby residents, its location provides convenient access to customers throughout Ontario and adjacent cities. The sale includes all of the bar’s furniture, fixtures and equipment, including its surveillance system (that allows for remote monitoring) and beer and wine license. The video games, pool tables, Jukebox, etc. are on a 50% revenue split agreement, and are not owned.

Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but also identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time.

Property information

Location:

The 1,700 square foot facility leases for $3,800 per month, on a lease until February 2011, with one five year option. The bar’s official occupancy is for 48 patrons, however, it can likely accommodate more.

Size in square feet:

1,700

Other information

Expansion potential:

This is a beer and wine bar and does not have to engage in food sales so it can maintain a very simply and economical cost structure, allowing it to pass on saving to its customers in the form of lower drink prices. As such, this bar can thrive via offering various promotions to customer with low cost drinks. Such promotions may include sporting events, customer competitions, holiday parties, etc.

Competition / Market:

This is a typical neighborhood bar with a loyal local customer base. That said, due to the high density of local companies (whose employees frequent the establishment), as well as the business’s excellent freeway access, this bar has a natural competitive advantage over alternate entertainment venues.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Not Offered

Inventory / Stock value:

$2,000