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Business with Property For Sale in Sedgewick, AB
4902 48th Ave$675,000
This seller is willing to negotiate commission with any real estate agent who brings an acceptable offer from a qualified buyer.
Location - Click to Expand
- Address: 4902 48th Ave
- City: Sedgewick
- Province/State: Alberta
- Postal/Zip Code: t0b 4c0
- Country: Canada
- Property Type: Business with Property / Building Lot / Business / Commercial Space / Land with Building(s)
- Ad Type: For Sale
- Listing ID: 506294
Building was formally a Canadian Legion. Built in 1985 this building was sparingly used, then purchased and had huge upgrades in 2018 to convert to a modern pub. Seating is currently up to 140. There are plans in place for expansion and almost everything is new in 2018. It sits on multiple lots at the end of main street and there is lots of parking- the parking lot can be built on as well.
Additionally there are currently adjacent lots for sale as well.
No expense inside was spared with new renovations including a beautiful new ceiling, flooring, professionally crafted and installed booths, new custom bartops and large common tables custom made from Alberta reclaimed wood. A new gas fireplace with custom stonework was added as well.
6 new TV's including 2 83" 4K Tv's in the main room, with a professionally designed and installed multi zone sound system. A new small patio was added this summer which has another added occupancy of 30.
New 14 tap beer system, new liquor gun system, new walk in cooler and custom shelving, new commerical grade freezers, fridges, new stainless counters, new gravity shelving, new bar equipment including large mug chillers, ice machine. Everything is brand name.
New kitchen equipment is very modern with thought put into operating expenses- no hood fan required and no deep frying. There are 2 new Merrychefs and a Rationale oven, 3 freezers, 2 fridges, and a professionally done dishwashing station, all just over 1 year old with sticker prices of over $100,000.
New water softener system with pressure booster, new hot water tanks 2018, heating upgraded in 2000 and 2018, roof upgraded with low maintainance tin in 2008. Camera system and alarms installed 2018. New efficient parking lot lighting installed in 2019.
We have been approved and wired completely for VLT's, we chose to allow families instead but VLT's can be added at any time. A plan was also created to add a separate VLT room (cost was approx $15,000) which is available. We are happy to help the new owners with transition. Games we own are available as well (pool tables, video games)
Large lot with lots of parking or space to build on. We can also include professional blueprints ($7000) created for adding a 2 story hotel to the property.
Sedgewick has lots of upside potential as they have recently redone thier entire downtown, added new businesses, have a successful concert series, and created a large new housing development. Unfortunately after all the hard work we have decided to move on to the next project so this is a great opportunity for someone out there! Avoid the hard work of designing and building and go straight into a new pub with new equipment and no surprises!