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Langford,BC V1V1V1
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Goldstream
MLS Listing ID 975071
Originating Board Victoria Real Estate Board
Property 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. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold