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Brasserie à vendre

MontBlanc

Sieur D’Iberville purchase info

Note that this is not a complete asset purchase. Le Sieur D’Iberville is a $700,000 build out including $180,000 of furniture and equipment. We are pricing the purchase at $79,000 in order to assist a qualified buyer in developing a profitable turnkey business.  The purchase price includes a limited list of equipment (see below).  A complete list of moveable furnishings can also be purchased, subject to negotiations.

  1. About the bar

  2. Important information

  3. Financial information

  4. Rent & Purchase options

  5. Equipment included in purchase

1. About the bar

Location & details:

  • 2490 Mount-Royal east, Montreal, Quebec, H2H1L3
  • 4500 SF. On the main floor
  • Total square footage of the main floor is 5000 SF. (500 SF available for rent – 4496 Iberville
  • Basement space: 2000 SF (included)
  • 3 walk-in coolers – new from 2014
  • 15 tons of air conditioning – new from 2014
  • 2 independent hood systems – automatic variable speed control to reduce ware and tear and save energy.
  • Ideal for a micro brew pub
  • 180 person indoor seating capacity
  • 42 outdoor seating capacity

History

Le Sieur D’Iberville opened in June 2014 and is fully operational.  It is a restaurant/sports bar specializing in rotisserie chicken and ribs. There is a large focus on micro brewery beers on tap and a large assortment in bottles.  One of the unique aspects of the bar is the rotary beer elevator which dates back to the original constructions of the building in 1956 while the bar was originally known as Taverne Iberville.  The elevator is functional and currently houses wines and bottled beer.

Additional spaces:

Approx. 2,000 SF. is available to the tenant in the basement at no charge.  9’ foot cement ceilings and three accessible staircases makes the basement an ideal area for additional food preparation, storage and event catering.

The small 500 SF retail space located at 4496 Iberville is available for $500/month, triple net, with a yearly increase of 3%. The landlord will allow the purchaser 1 year of free rent.

2. Important information

Triple net lease, expenses & inventory

  • Trip net rent: Tenants portion of property tax, school tax & building insurance are paid in addition to net rent. (Based on current occupancy, Studio Bizz (upstairs tenant) occupies 45% and Sieur 55%.  Basement spaces are not counted in the calculation.
  • Exclusions: Accounts receivable, accounts payable, prepaid expenses and cash.
  • Inventory: must be purchased by the purchaser. Price to be negotiated.  Inventory is defined as Alcohol, food &  dry goods (straws, napkins, garbage bags, coffee, sugar, cleaning products, etc.)

Equipment usage:

The tenant has exclusive use of all on-site, non-purchased equipment at no charge for the duration of the tenancy.  The tenant is responsible for all repairs and regular maintenance.  The tenant agrees to remit all non-purchased equipment and the end of the lease in good working order.

Landlord spaces and building access:

The landlord maintains several spaces in the basement which must be accessed regularly and as such requires regular access through the backdoor of the building.  The landlord maintains full access to the basement at all times, and must be granted access to the tenant’s space via key and alarm code.  The landlord agrees to notify the tenant of any need to access the tenant’s space.  The landlord will provide secure and private access to the tenant spaces.

Permits:

The purchaser agrees to transfer all relevant permits to their own corporation, or apply for new ones,  and assumes all associated charges.  Should the tenant default on his/her permits, the tenant will be in default of the lease.  Should the tenant decide to vacate the Premises and end his tenancy, tenant agrees to transfer their liquor license back to Landlord at Landlord’s cost.

Insurance and certificates:

Tenant must maintain bi-annual cleaning and security inspections to uphold fire and insurance certificates and must provide the landlord with bi-annual proof of said work and certificates. The tenant must hold valid business insurance and name the landlord as one of the insured parties.

3. Financial information

Current sales (net):

  • Jan to Dec 2015 – 908k
  • Jan to Dec 2016 – 802k (2016 was lower due to the Montreal Canadiens poor performance in early 2016 and 2016 Xmas parties that were paid in 2017

Average Monthly utilities (net of taxes):

2016 gaz met hydro videotron
Total [includes tax] 1065.32 542.47 212.81

4. Rent & Purchase options

Please note that rent does not include tenants portion of property tax, school tax or building insurance

Purchase options 79,000k Rental only
Price $79,000.00 $0.00
Security Deposit $10,000 – refunded after 5 years $30,000 – refunded after 5 years
Rent – year 1 $5500 $7000
Rental increase 3% increase annually 3% increase annually
Personal Guarantee (please note that personal guarantees are not negotiable) Rent: 2 months personal guarantee
Equipment: 5 years on all non-purchased
Rent: 3 months personal guarantee
Equipment: 5 years + lease extension on all non-purchased
Expenses (property taxes, school taxes, insurance) – approx. current $1,900 $1,900
Lease 5yr + 5yr extension 5yr + 5yr extension
Total Monthly costs – Rent & expenses $7400 (plus HST) $8900 (plus HST)
Exclusions See list See list

5. Equipment included in purchase

The following items are included in the sale price

Item Description Qty  Value Total
French Fry Cutter – Wall Mounted 1  $       100.00  $       100.00
French fry table w/heat lamp 1  $       150.00  $       150.00
Soup Warmer 1  $       150.00  $       150.00
Small electronic scale 2  $       100.00  $       200.00
Double pot sink 1  $       250.00  $       250.00
Sous vide circulator 1  $       250.00  $       250.00
Kitchen aide counter mixer 1  $       300.00  $       300.00
Panasonic pro microwave 1  $       300.00  $       300.00
Amana microwave 1  $       300.00  $       300.00
Large electronic scale 1  $       400.00  $       400.00
Meat Slicer 2  $       250.00  $       500.00
Hobart mixer 1  $       500.00  $       500.00
6 Burner stove/oven 1  $       500.00  $       500.00
Alto shaam 2 drawer heat unit 1  $       500.00  $       500.00
Vacuum Machine & sealer 1  $    1,000.00  $    1,000.00
sliding door fridge 1  $    1,000.00  $    1,000.00
24″ charcoal 1  $       500.00  $       500.00
48″ griddle 1  $    1,000.00  $    1,000.00
Scottsman ice machine – W/water filter 1  $    2,000.00  $    2,000.00
36″ Convection oven 1  $    2,000.00  $    2,000.00
Sandwich table 48″ 3  $    1,500.00  $    4,500.00
Dish Racks 10  $         25.00  $       250.00
Rolling rack – steel 1  $       250.00  $       250.00
24 x 48 stainless work table 1  $       250.00  $       250.00
Rolling rack – Aluminum 2  $       150.00  $       300.00
30 x 72 work table 2  $       400.00  $       800.00
96″ x 12″ stainless standalone shelf 1  $       250.00  $       250.00
bus bins 24  $           5.00  $       120.00
48 x 18 wire shelving 1  $       200.00  $       200.00
Bulk bins – plastic 6  $         50.00  $       300.00
Assorted stainless hotel pans 24  $         15.00  $       360.00
Freezer – Prep room 1  $       400.00  $       400.00
Eurodib Double panini machine 1  $       500.00  $       500.00
24 x 24 stainless work table 2  $       250.00  $       500.00
24 x 24 Wire shelving 4  $       175.00  $       700.00
Meat slicer 2  $       350.00  $       700.00
48 x 12 stainless shelving 7  $       150.00  $    1,050.00
18 x 36 Metal shelving 9  $       150.00  $    1,350.00
13′ dish tabling 1  $    1,500.00  $    1,500.00
72 x 18 wire shelving 9  $       300.00  $    2,700.00
18 x 36 wire shelving 14  $       200.00  $    2,800.00
Rectangular dinner plates 18  $           4.00  $         72.00
6″ plateware 72  $           1.50  $       108.00
Random kitchen serving vessels 1  $       200.00  $       200.00
Salad bowls 36  $           6.00  $       216.00
Square dinner plates 48  $           6.00  $       288.00
Random kitchen utensils and equipment 1  $       500.00  $       500.00
Wood serving boards 36  $         15.00  $       540.00
Small freezer 1  $       200.00  $       200.00
30 x 36 work table 1  $       250.00  $       250.00
Hostess Stand 1  $       300.00  $       300.00
8 SchoolHouse pendant Lamp 8  $         50.00  $       400.00
Vintage retractable pendant lights 6  $         75.00  $       450.00
Large 52″ LCD tv 1  $       500.00  $       500.00
Mounted taxidermy 6 pcs 6  $       100.00  $       600.00
Service area stand up fridge 1  $    1,500.00  $    1,500.00
Medium Size LCD TVs 3  $       500.00  $    1,500.00
Small LCD TVs 8  $       200.00  $    1,600.00
Espresso machine w/grinder & 2 milk frother 1  $    2,000.00  $    2,000.00
72 Stainless service counter w/sink 1  $    2,000.00  $    2,000.00
Wood Classic pub chair 10  $         35.00  $       350.00
42 x 96 high table – Front of wine cellar 1  $       700.00  $       700.00
Random bar stools 24  $         40.00  $       960.00
24 x 96 High table 2  $       500.00  $    1,000.00
30 x 30 high table 4  $       250.00  $    1,000.00
30 x 30 wood table 6  $       250.00  $    1,500.00
54″ Banquet set 3  $       500.00  $    1,500.00
Black Bistro Chairs 40  $         50.00  $    2,000.00
42 x 96 walnut table 1  $    2,000.00  $    2,000.00
36 x 42 booth table 6  $       350.00  $    2,100.00
24 x 30 Wood table 18  $       200.00  $    3,600.00
12 oz Snifter glasses 48  $           2.50  $       120.00
Champagne flutes 48  $           2.50  $       120.00
Cuttlery 1  $       250.00  $       250.00
9oz Rocks glasses 144  $           2.35  $       338.40
16 oz pint glasses 144  $           4.35  $       626.40
Growlers – Beer pitchers 60  $         20.00  $    1,200.00
HDMI splitter 1  $       100.00  $       100.00
TP Link 16 channel router splitter WAN 1  $       150.00  $       150.00
TP Link 2 line WAN channel blender 1  $       150.00  $       150.00
8 channel HDMI Splitter 2  $       300.00  $       600.00
Audio mixer 1  $       150.00  $       150.00
Everpure water filtration system 1  $       250.00  $       250.00
Washer & Dryer 1  $       500.00  $       500.00
Counter top cleavland steamer 1  $       500.00  $       500.00
box exterior terrace tea lights 6  $         50.00  $       300.00
Random Xmas décor 1  $    2,000.00  $    2,000.00
Spare ice machine 1  $       250.00  $       250.00
3 drawer filing cabinet 1  $       100.00  $       100.00
Random office supplies 1  $       200.00  $       200.00
Scannabar Alcohol inventory system 1  $       900.00  $       900.00
Pyrex 8 x 8 clear serving dish 36  $           8.00  $       288.00
Serving dish floats 48  $           6.00  $       288.00
Soup bowl 144  $           2.50  $       360.00
10 inch dinner plate 144  $           3.00  $       432.00
Leather bar stool 36  $       250.00  $    9,000.00
Total of items included in the sale price.  $  80,686.80

The following will belong to the tenant after 2 (two) years of occupancy

3 bank pitco full automatic deep fryer 1  $  15,000.00  $  15,000.00
Stand alone back bar fridge 1  $    1,000.00  $    1,000.00
Stand alone reach in beer fridge 1  $    1,500.00  $    1,500.00
Vintage fridge 1  $       200.00  $       200.00
Center bar fridge Pass thru 1  $    3,000.00  $    3,000.00
12 buttoned bench 1  $    4,500.00  $    4,500.00
HD projector & Screen 1  $    3,000.00  $    3,000.00
Symetrix Sound controller 1  $    1,000.00  $    1,000.00
JBL Speakers 1  $    1,000.00  $    1,000.00
QSC Amplifiers RMX 5050 1  $    1,000.00  $    1,000.00
Total      31,200.00

The following will belong to the tenant after 5 (five) years of occupancy

48 x 60 x 72 wood rotisserie 1  $  10,000.00  $  10,000.00
13 channel surveillance system 1  $    5,000.00  $    5,000.00
5 Station POS system Maitred D 1  $  20,000.00  $  20,000.00
Terrace & all accompanying furniture 1  $  10,000.00  $  10,000.00
16 Line Beer system with 8 flow meter & CWB 1  $       200.00  $       200.00
Panasonic PBX Phone System 6 digital phones 1  $       200.00  $       200.00
Small manager drop safe 1  $       250.00  $       250.00
Zerox printer 1  $       350.00  $       350.00
U-shaped office desk 2  $       250.00  $       500.00
Large office safe 1  $       800.00  $       800.00
Total  $  37,300.00

Not included in the sale price

Retractable awnings
6 Installed compressors for walkins and wine fridge
Lighting system
Built in booths (Beside Iberville)
All main room ventilation
All kitchen ventilation
Kitchen hoods
Service area shelving
Bar- Main room and interior cabinetry
Washrooms and washroom furnishings

Lighting system
Built in booths (Beside Iberville)
All main room ventilation
All kitchen ventilation
Kitchen hoods
48 x 60 x 72 wood rotisserie
Service area shelving
Vintage fridge
6 Installed compressors for walkins and wine fridge
Vacuum Packer – Chamber
16 Line Beer system with 8 flow meter & CWB 1  $ 7,000.00  $ 7,000.00
Panasonic PBX Phone System 6 digital phones 1  $ 5,000.00  $ 5,000.00
Center bar fridge Pass thru 1  $ 2,500.00  $ 2,500.00
12 buttoned bench 1  $ 4,000.00  $ 4,000.00
HD projector & Screen 1  $ 3,000.00  $ 3,000.00
Retractable awnings
Symetrix Sound controller 1  $ 2,500.00  $ 2,500.00
JBL Speakers 10  $    250.00  $ 2,500.00
QSC Amplifiers RMX 5050 3  $    500.00  $ 1,500.00