Lakefront Pub Restaurant For Sale

Business description

Well established restaurant (16 years)10 minutes south of the growing town of Bancroft and 2 hrs. from Toronto. Indoor seating for 50 and screened patio for 30 on Paudash Lake to view the incredible sunsets. The restaurant is licensed for 130 as was once run as a pub. Major Highway and boat and sea plane access from the l200 cottages on the lake. On a snowmobiling trail for winter traffic. Three bedroom apt. upstairs overlooking beautiful Paudash Lake. There is also an oversized garage (1,000 sq.ft) on the property with semi-finished loft upstairs. 380 feet of water frontage recently surveyed and purchased. Very private however, as one side has l km of uninhabited crown land/waterfront.Known for finest food in Bancroft area offering an eclectic mix as well as English pub fare and English beers on tap. Beautiful stone fireplace in the restaurant. The town of Bancroft has all required amenities from public and high schools to hospital and a couple grocery stores. Two hrs. from Toronto, one hour from Peterborough and 1 1/2 hrs. to city of Belleville. The pub was run by a family of 4 for 14 years before we purchased it. It has a lot of potential to run it again as a pub with longer hours. Summer hours from June to September are 7 days per week from ll:30 to 9:00. In the winter business slows as we are in prime cottage country so relys on snowmobilers and locals. Hours are Fri.to Sun. ll:00 to 8:00. We choose to close between seasons in Nov. and April to vacation. The Fox and Hounds would be suitable and profitable as a family run business eliminating need to hire outside staff. Excellent working and living arrangement. This was a stepping stone to retirement for us, however, as a Chef I am also available to assist part time if required. We will be relocating to our cottage nearby. This is a fabulous lifestyle change for a family seeking a slower paced life. The property is a must see!

Property information

Real Estate:

Real Property Included

Living accommodation:

3 bedroom apartment open concept overlooking the lake with a new kitchen, one 4 piece bathroom and one two piece bath. Office and storage area all recently totally renovated with new flooring and painted. Extremely efficient pellet stove in apartment that heats the apartment as well as baseboards. Large windows from dining, living room and the kitchen overlooking Paudash Lake.

Location:

Hwy. 28 and prime waterfront

Other information

Expansion potential:

Catering - apt. rental - expand to upper living quarters

Competition / Market:

No threats

Support & training:

Full support and training will be available as well as staff if required.

Reasons for selling:

Retirement

Trading hours:

11:30-9:00

Financing available:

We will carry a private mortgage with buyer for up to $200,000.

Furniture / Fixtures value:

$40,000

Inventory / Stock value:

$10,000

Website:

www.thefoxandhounds.ca

Contact the seller

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