Asking price: $7 985 000
Reason for sale: Retraite
Company information
- Land Area: 25, 000 sq. ft.
- Building Area: 25, 000 sq. ft.
- Year of acquisition: 2001
- Full-time Employees: 5
- Part-time Employees: 10-12
Financial information
- Annual Sales: $2,617,640
- Monthly Payroll: $53,095.00
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $438,111
- Assets Included in the Sale: Furnitures, Machinery & Equipment, Land, Building, Inventory, Goordwill
Known as a busy industry and an iconic property in downtown of this southeastern part of New Brunswick, near major economic activities in the city. The hotel started as a pub/bar in I997 and progressed until it became a unique culinary experience as a top-notch dining experience. The owners are ready to sell their successful, hospitable business and to present it on the market.
This establishment, with rapid economic growth, generates enough revenue to cover a satisfactory salary, a mortgage loan or a return on investment. It’s a once-in-a-lifetime chance to develop this opportunity. The leadership of both proprietors has benefited from the specific location of the business square to constantly attract a new clientele from many different regions of Canada and worldwide.
This commerce has economically benefited from its central location, situated near principal major roads. Its notoriety becomes an asset to invest, to maximize its business operation and to maintain a quality of services. Strategically located at a populous attraction crossroads, the establishment is offering nine rooms/suites with the option of expansion. Known for its quality of food and beverages, it has become an iconic place in the downtown area. The business grew over time and expanded with a hotel and conference center. Each business benefits from the other.
The enterprise has gained through the years an excellent reputation based on teamwork, top-notch services to clientele and professionalism towards their patrons. The satisfaction and the loyalty of the customers is their proud trademark.
Many national companies and their employees are regular clients to this sought after little piece of gem, with the select restaurant/bar, conference center and hotel. They offer different options of superior meals and are considered one of the best in the region.
The pub and eatery have known success right from its beginnings 27 years ago and continue to be a prestigious place to meet, dine and to stay.
For more information, please call (506) 395-2550.
