428 Rue Principale O. , Magog QC J1X2A9

Sale $395,000 +GST/QST  | 
Listing # 10586163
Patio Patio Back facade
Office Listing:

Mario Lamirande, Courtier immobilier agréé

Christian Longpré

Réseau Longpré Lamirande

Phone:  819.868.5000

Royal LePage Au Sommet, Real Estate Agency (Independently owned and operated)

Real Estate Agency

250 Rue Principale Ouest
Magog,  QC J1X2A5

Remarks:

Restaurant for sale. Welcome to Taverne 1855. Operated for many years by a passionate team, this family business reflects all that the region has to offer, whether it be the quality of the food or the rigorously presented menus. The quality of this cuisine makes this place a known and recognized home base for a stable clientele. If you wish to enter a profitable, stable and recognized business, this is for you. The asking price is 5 times the EBITDA. Ask for more information!
* Taverne 1855 is located in the heart of Magog's new downtown area with its wide sidewalks allowing customers to walk before or after a good meal and to take advantage of the right time to visit Magog's stores. The restaurant's location has been carefully chosen to allow quick and easy access after a boat ride on Lake Memphremagog, a hike along the shores of the lake and even the beautiful marsh of the Cherry River. Cyclists can also easily access the restaurant using the Route Verte La Montagnarde bicycle path. Located only a block away from the famous theater, Le Vieux Clocher de Magog, many visitors will want to start the evening with an excellent meal.

* The zoning allows the uses provided for in grid Eh31Cr.

* A confidentiality agreement will have to be signed by any buyer interested in receiving the financial statements as well as a proof of financial capacity (issued by a Caisse and/or Bank).

* The term of the lease is 1 year with the possibility of additional periods of 1 year to 5 years with 6 months notice prior to the end of the lease at the option of the tenant. The lease has been renewed until December 2023.

* The seller wishes to retain the jobs of the current staff 3 months after the sale of the business.

* Description of the rooms:
- First floor: Resto: 58 X 22 irregular; Terrace: 23 X 12; Kitchen: 15.11 X 10;
- Basement: Kitchen (preparation): 18 X 14.7; Cold room: 7.10 X 7;
- Kitchen (preparation): 18 X 14.7

*The owner will be able to stay working for a period of one month to support the future owner.
Inclusions:  The equipment necessary for the operation of the restaurant.
Exclusions:  Deer head, Osteria coffee machine, automatic coffee grinder, collection of old beers, 2 Italian light fixtures, pastry counter, mixer, Thermomix, vacuum machine, patio heater, milkshake mixer, Kenmore washer and dryer, 2 black chandeliers.

Com./Ind./Block : Bulk (block sale)

Lot Assessment: $71,500.00
Building Assessment: $555,300.00
Total Assessment: $626,800.00
Assessment Year: 2022
Municipal Tax: $622.00
School Tax: $32.00
Annual Tax Amount: $654.00 (2022)
Lot Frontage: 7.62 Metre
Lot Depth: 33.07 Metre
Lot Size: 210.3 Square Metres
Building Width: 24.0 Feet
Building Depth: 60.0 Feet
No. of Parking Spaces: 4
Built in: 2005
Zoning: COMM

Property Features:

Type of Business: Restaurant
Type of Operation: Retail

Building Features:

Heating System: Forced air , Convection baseboards
Water Supply: Municipality
Heating Energy: Electricity , Natural gas
Equipment/Services: Mobility impaired accessible , Other , Fire detector , Air exchange system , Alarm system , Sprinkler system
Windows: PVC
Foundation: Poured concrete
Siding: Brick
Basement: 6 feet and more , Finished basement
Parking: Driveway
Sewage System: Municipality

Expenses (annual):

Snow removal : $13.00