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Available - For Sale
Listing ID: X11993893
The Glendale Pub, a non-franchise bar and restaurant with an LLBO license, is now available for sale. This highly profitable business boasts amazing sales and a superb location with steady clientele, making it an excellent opportunity for a hands-on owner/operator. The pub has undergone significant upgrades, ensuring the space is in excellent condition, and offers a spacious 3,129 sq ft area with 97 seats. Located in a popular plaza with no nearby competition and plenty of free parking, its conveniently situated just off the QEW and Redhill Valley Parkway in Hamilton. With a long-term lease of 4 + 5 years and a monthly gross rent (inclusive of HST) of $5,892.95, this is a secure and cost-effective location for a thriving business. The large kitchen is equipped to handle the high-quality food that has built its excellent reputation. Whether you decide to keep the current name, rebrand, or franchise, this business offers tremendous potential for growth. The Glendale Pub is an ideal investment for anyone looking to take over a profitable, longstanding business with a strong foundation, loyal customers, and a prime location.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $7,450 $14,900 $22,350 $29,800
First Mortgage $141,550 $134,100 $126,650 $119,200
CMHC/GE $3,892.63 $2,682 $2,216.38 $0
Total Financing $145,442.63 $136,782 $128,866.38 $119,200
Monthly P&I $622.92 $585.83 $551.92 $510.52
Expenses $0 $0 $0 $0
Total Payment $622.92 $585.83 $551.92 $510.52
Income Required $23,359.48 $21,968.5 $20,697.18 $19,144.66

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTY SPECIALISTS INC.

625 Greenhill Ave , Hamilton, L8K 5W9, Ontario


 
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Type: Com - Sale Of Business
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Vincent
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Tax: $615
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