Listing ID# CA102 – 15443
Pontiac, Quebec
Asking Price:
$525,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$750,000 (CAD)
Cash Flow:
Available on request
Owner retiring! This business has been a profitable running business for over 50 years. Currently has hotel rooms, two bars, restaurant and video slot machines. It is located in the Ottawa valley in the Pontiac region only a block from the Ottawa river. There is a ferry system that runs across the Ottawa river from ontario to quebec in town. One of the bars has 3000 square feet to host events and owner has live bands on the weekends. There is also potential for 3000 sq. ft. of undeloped space for future development. Many renovations done over the years including windows, roof, heating system, kitchen equipment and hotel decor. There a 3 bedroom living quarters for the owner or manager and the latest technology for video surveillance. It is a hot spot to stop for snowmobiliers in the winter as the trail comes right to the parking lot. This business is renowned in the area and has been for many decades. It is a great opportunity to walk into.
Real Estate:
Real Property Included
Living Accommodation:
There is a 3 bedroom, 1 bathroom living quarters with a living room. The surveillance is viewed from there as well as in the office space on the main floor.
Location:
The property is located in Quyon, Quebec. It is just a short walk to the ferry service to Ontario and the Ottawa River. It is approximately 25 minutes to Ottawa and is near the Gatineau Park.The town is off highway 148 which is the only highway that runs through that area of Quebec. The drive on the highway has beautiful views of the Gatineau mountains and the Ottawa River.
Premises Details:
The building was built in 1963. It has 13,000 square feet. The land area is 132 ft X 132 ft for a total area of 17,424 square feet. It has municipal water and sewe. 5 Video Lottery Terminals, two pool tables and a covered patio area. There is a shed and workshop area as well and two garages.
Size in square feet:
9000 sq ft
Expansion Potential:
There is a restaurant has a smaller menu than conventional restaurants. The food is served currently from the bars. The menu could be expanded to serve breakfast etc. There is also 3000 square feet of undeveloped space on a second floor.
Competition / Market:
There is no other bar, hotel or restaurant in the area.
Reasons for selling:
Retiring.
Trading hours:
9am-11pm Monday to Thursday and Sunday (small bar)
Friday to Saturday 9am -3am (Large Bar)
Employees:
2 full-time and 6 part-time
Years established:
Current owner for 33 years
Support & training:
The Quebec Government repairs and maintains the Video Lottery Terminals.
Financing available:
Seller willing to negotiate.
Furniture / Fixtures value:
$75,000 (CAD) – included in the asking price
Inventory / Stock value:
$25,000 (CAD)
