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Langford All Real Estate and Homes for Sale $400K-$500K

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Main Photo: CLS victoria St in Langford: La Goldstream Business for sale : MLS®# 975071
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
975071
Liquor primary pub/restaurant in a great high-traffic location in one of Victoria's fastest-growing communities.This business has been in operation for 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 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 short walk from the Pub will bring a brand new young demographic to the already busy area. 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.It is fully turn-key and only requires a re-branding to be operational.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
La Goldstream, Langford
Bathrooms:
- (Full:-/Half:-)
Taxes:
Ceiling Heights:
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Langford
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Business Type:
Restaurant/Bar
Total Units:
Date Listed:
Sep 05, 2024
Original Price:
495000.0
  • Photo 1: CLS victoria St in Langford: La Goldstream Business for sale : MLS®# 975071
    Photo 1 of 1
Listed by Pemberton Holmes - Cloverdale
Data was last updated November 17, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$1,266,000
Min list price:
$150,000
Max list price:
$10,900,000
Avg days on market:
135
Min days on market:
3
Max days on market:
430
These statistics are generated based on the current listing's property type and located in Langford. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.