Business For Sale Cls Victoria St, Langford, British Columbia
1

Business For Sale Active $495,000 CLS victoria St, Langford, British Columbia

MLS#: 975071

Pemberton Holmes Ltd.
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Summary
Status
Active

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Address
CLS victoria St, Langford, British Columbia
Size
Size n/a
Listing Type
For sale
Property Type
Business
Commercial Type
n/a

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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:15472)

Additional Information

Location
Land
Building
Financial
Sales Data
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City Langford
Province British Columbia
PostalCode V1V1V1
Country Canada
Neighbourhood Goldstream
Street Address CLS victoria St
Property TypeBusiness
Transaction TypeFor sale
Ownership TypeFreehold
MLS #975071
AcreageNo
Zoning TypeUnknown
Property TypeBusiness
Fireplace Present False
Price 495000.00
Listing Contract Date 2024-09-05
Lease 0.00
Business Type Restaurant
%

Contact

For more details, please contact our specialists.

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Specialists

Eugen Klein

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

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