Cherry Creek Cafe & Bar

Business Opportunity for Sale
Catylist Listing ID: 30546331
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $399,900
Name of Establishment: Cherry Creek Cafe & Bar +VLT'S
Year Business Established: 1980
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/7/2020

Overview / Comments


Cherry Creek Café & Bar, which has been a staple business (30 + years) on the west side of the 2nd floor mall, consists of 4748 SF plus 150 licensed seats and 13 VLTs. The owner is selling because he wants to downsize for personal reasons. This is a well-run, excellent dollar generator, with good profits. There is a confidentiality agreement required to be signed prior to any detailed information being divulged.
This is a well run profitable business !:

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Industry Segment: Bars and Taverns
Reason for Selling: Owner want's to semi-retire.This is a 35yr + business and this owner has owned and run it for 6.5years.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 4748 sq. ft. net annuall lease..current lease expires in 2024 and has a 5 year option to renew
Part of Planned Development?: Yes
Mgmt/Training Support Description: Owner will be happy to train for a period of time to be designated by negotiations
Seller Financing Description: Depending on downpayment vendor may consider a V.T.B. AT HIS SOLE DISCRETION !

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Contact

Photograph of Listing Agent

Gary Davlut

Coldwell Banker Preferred Real Estate
CPIX® Member
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