Listing ID: SR10302017

Location: Edmonton, Alberta

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Bar & Grill

 

Business Overview

This leading venue is the setting for local and international musicians, bands, and special events. This locale features daily, live entertainment with jam sessions scattered throughout the week. Designed to entertain patrons of every musical genre, this well-established licensed facility features a dance floor, stage, big screen TVs, reservation availability and plenty of parking. The grill offers casual pub food at reasonable prices. The facility boasts an excellent sound system which is included in the offering along with the kitchen and bar equipment. This is a fantastic opportunity for someone with an abundance of energy, enjoys the musical scene and has the drive to grow this business.

 

Why This Business

  • Owner willing to train new vendor
  • Equipment, Furniture & Fixtures, incluuded in the sale price
  • Well established venue with a solid reputation
  • Clean, modern designed facility in a highly visible location, with easy access off a main roadway
  • Manager in place, willing to stay on with new owner
  • Licensed seating up to 331 patrons
  • Excellent terms on a transferrable lease

Are the current owners the founders? Yes       How Long? 2 Years
Is this a Franchise Business? No
Owner Support/Training: Yes, the owner is willing to negotiate a reasonably training peroid to ensure a smooth transition.
Reason for Sale: Retirement

Business Premises and Location

Does the Vendor own the premises? No, the 6,500 sq. ft site is leased on a monthly basis.
Is the premises part of this sale? N/A
What is the cost of the lease? $12,600.00 p/mth

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List.

Operational Summary

Snapshot

Annual Revenue: $ 950,000.00

Discretionary Earnings: $ Not Disclosed

Assets: $ 200,000.00

Information

  • Year Established – 2016

  • # of Employees – 13

  • Asking Price – $ 595,000.00

  • Seller Financing – Not Available

  • Inventory -$40,000.00

Request More Information From AB Sales

Are you interested in buying this business?

Please Enter Your Name:
Please Enter Your Email:
Please Enter Your Phone:
The Business You Are Interested in:
Would You Like to Include a Message?
Prove You Are Human captcha :