Listing ID: CH 12272017
Location: Czar, Alberta
Hotel, Restaurant and Bar
The staple of any small town in Alberta, this pub is the local watering hole for Czar and the surrounding rural areas. The owner will enjoy a stable income from dedicated customers while enjoying all the benefits of small-town life. Czar is a safe and secure place to raise a family and to enjoy living in the great Canadian prairie.
The business consists of a bar, restaurant, and guest rooms, as well as a full apartment for the owner on the second floor. This venue offers its patrons a pool table, shuffleboard and T.V.s for sports entertainment, 3 VLTs, as well as dining facilities. The menu consists mainly of pub-style food, prepared in an updated and efficient kitchen.
Why This Business
- Profitable, well established, turnkey operation
- All equipment, furniture & fixtures, pool table and shuffleboard included in asking price
- Premises includes owner’s suite
- Updated Windows and Kitchen Equipment
- Liquor License for 150 patrons
- Limited Competition
- Parking availability
- The owner is motivated to sell and now accepting best reasonable offers!
Are the current owners the founders? No, this business has operated at this location for 100+ years How Long? 2008
Is this a Franchise Business? No
Owner Support/Training: Owner will provide a mutually agreed upon training program
Reason for Sale: Owner would like to pursue other opportunities
Business Premises and Location
Does the Vendor own the premises? Yes
Is the premises part of this sale? Yes – the building is For Sale by Owner. Bar is 5,866 sq. ft. on .26 of an acre. 2 Storey building with owner apartment.
What is the cost of the lease? N/A
Documents Available For Review (Subject to Offer)
Business Sales Memorandum, Financial Statements, Lease Agreement.
Annual Revenue: $ 420,847 (2017)
Discretionary Earnings: $ 49,264. (3 yr. avg)
Assets & Equipment: $ 139,923 (2017)
Year Established – 2008
# of Employees – 4 Part Time, 1 Owner
Asking Price – $200,000 all inclusive, open to reasonable offers.
Seller Financing – Not Available
Inventory – $5,000.00