Price: $483000

Location: Confidential

Province: Saskatchewan

Listing ID: REGINSK001-N87

Description

This is an excellent opportunity for either a part-time owner or for a family to own and operate a successful business! The business features 200+ person capacity, bands and DJ’s on weekends, special event nights, pub food and drinks, VLT’s and a private room rental for special/private events. Located in a prosperous Saskatchewan city; this is the go-to night time and events destination!

The business is currently being operated as somewhat of a “life-style” business for the owners with limited hours and days of operation. With a solid management team in place - the owners work very few hours in the business.

LISTING DETAILS

Total Sales: $754,000

Cash Flow: $250,200

EBITDA: $190,200

Accounts Receivable: $0

FFE: $232,200

FFE Included: Yes

Inventory: $13,000

Inventory Included: Yes

Operation

Year Established: 2010

Year of last Acquisition: 2016

Days & Hours of Operation: Days and hours of operation vary depending on the season

Owner Hours Per Week: 12

Non-Owner Payroll: $123,000

Employees: 3 full-time, 15 part-time

Managers: 3 and all are expected to remain working in the business after the sale.

Location

Type of Location: Leased

Square Footage: 7,035

Summary

Facilities Information:

250 person capacity

Reason For Sale:

Other business interests.

Training & Support:

Seller will provide training/transition support; key management staff are expected to remain.

Competition:

Very limited to no competition.

Potential Growth:

Opportunities to grow/expand the business.

LISTING BROKER

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