CLS CLS Street, Downtown Victoria
Price
$399,800
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeCommercial
Property TaxesNot listed
Description
Seize this rare opportunity to own a well-established, centrally located lounge that stands out as one of the premier nightlife spots in the area. This exceptional operation offers approximately 105 seats, including a charming patio, and holds a coveted Liquor Primary License. Currently open five nights a week, the business generates impressive annual sales exceeding $1M, with significant potential for increased revenue. Key Features: Prime Location: Centrally located in a high-traffic area with excellent visibility and accessibility. Established Business: Consistent sales performance, with room for expansion. Size & Seating: Approx. 105 seats, including an inviting patio space. Liquor Primary License: Perfect for a nightlife or entertainment-focused business. State-of-the-Art Equipment: fully equipped kitchen with hood and bar equipment. High-End Tenant Improvements: Contemporary design and quality finishes less than five years old. Untapped Potential: Extended Hours: Increase profitability by opening seven nights a week. Expanded Menu: Introduce breakfast and lunch service to attract a daytime crowd. This is an asset sale, making it an excellent opportunity for a visionary operator to build upon the current success and take this exceptional operation to the next level. Whether you’re looking to step into the nightlife industry or expand your current portfolio, this turnkey operation is ready to go. Don’t miss out—contact us today for more information and to schedule a private viewing, for qualified buyers only. (id:39198)
Listed By
The listing brokerage and/or agent is eXp Realty
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Property Dimensions
The Property Location
Mortgage Calculator
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Total Monthly Payment
$1,437 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$319,840
Total Interest Payments
$197,201
Total Payment (Principal + Interest)
$517,041
Cashflow Calculator
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Monthly Cash Flow
$300 / month
Monthly Expenses
-$1,700
Monthly Income
$2,000
Your monthly cash flow is positive
Comber Friesen Group
Realtors
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Meet Alex & Georgia
Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.
Locations We Serve
Cowichan Valley
Nestled between mountains and lush forests, Cowichan Valley is renowned for its stunning landscapes, local wineries, and vibrant agriculture
Westshore
The Westshore community is a vibrant hub offering stunning ocean views, beautiful beaches, and a variety of parks.
Victoria
As the capital of British Columbia, Victoria boasts a rich history, stunning architecture, and beautiful gardens.
Oak Bay
Known for its picturesque waterfront, Oak Bay features charming shops, art galleries, and lovely seaside parks.
Saanich
The Saanich Peninsula is a diverse area rich in natural beauty, featuring everything from parks to stunning waterfront views.