CLS Victoria St, Langford | $495,000

This is a rare opportunity to acquire a liquor primary pub/restaurant in a great high-traffic location in one of Victoria's fastest-growing communities. The business has been in operation for just over a decade and is run by an absentee owner with full management staff in place. The business has the highly sought-after liquor primary license which allows the business to operate as a bar which gives the operators flexibility in how they operate. Despite being a liquor primary, the pub has a massive and fully vented commercial kitchen space capable of handling the 200-seat restaurant with ease while providing ample prep space for catering opportunities. The recent approval of a University Campus, just a few minutes walk from the Pub will bring a brand new young demographic to the already busy area and continue to push sales to new highs. The pub is fully turn-key and only requires a re-branding to be operational. The price of the business is less than half the cost of the build-out in today???s market and offers a great opportunity for an operator to acquire a great pub location with a proven track record of sales. This ability to acquire this business with its liquor primary license and fully turn key build-out provides a savvy operator with a great opportunity to establish themselves in an already proven location. With build-out costs reaching all-time highs and the extreme amount of time required for licensing of a liquor primary license, this opportunity truly represents great value in today's market that will the next operator to be operational and profitable immediately.

Description

This is a rare opportunity to acquire a liquor primary pub/restaurant in a great high-traffic location in one of Victoria's fastest-growing communities. The business has been in operation for just over a decade and is run by an absentee owner with full management staff in place. The business has the highly sought-after liquor primary license which allows the business to operate as a bar which gives the operators flexibility in how they operate. Despite being a liquor primary, the pub has a massive and fully vented commercial kitchen space capable of handling the 200-seat restaurant with ease while providing ample prep space for catering opportunities. The recent approval of a University Campus, just a few minutes walk from the Pub will bring a brand new young demographic to the already busy area and continue to push sales to new highs. The pub is fully turn-key and only requires a re-branding to be operational. The price of the business is less than half the cost of the build-out in today???s market and offers a great opportunity for an operator to acquire a great pub location with a proven track record of sales. This ability to acquire this business with its liquor primary license and fully turn key build-out provides a savvy operator with a great opportunity to establish themselves in an already proven location. With build-out costs reaching all-time highs and the extreme amount of time required for licensing of a liquor primary license, this opportunity truly represents great value in today's market that will the next operator to be operational and profitable immediately.

General Info


MLS Listing ID: 975071 Bedrooms: 0 Bathrooms: 0 Year Built: 0

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .