Business For Sale · Retail

8890 6 Highway, West Pugwash

8890 6 Highway, West Pugwash, NS B0K1K0

$599,000 total

—

Asset Class

Retail

Size

—

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

91%

Year Built

1986

Lot Size

0.6705 ac

About this property

An outstanding opportunity to acquire one of the regions busiest and most highly reviewed hospitality destinations. Nellys has built a strong reputation for quality dining, lively entertainment, and excellent customer service, resulting in a loyal customer base and consistent repeat business. More than just a licensed restaurant and ice cream parlour, this property now features a 3,000 sq. ft. bar and entertainment centre and its own dedicated washroom block. Strategically positioned on a major highway with high visibility and ample parking, the site is ideally situated to capture both local patrons and passing traffic. Facilities include a Main restaurant building (40 x 30) with full commercial kitchen, walk-in freezer and walk-in fridge, plus 5 upright stocked coolers, comprehensive fire suppression system, Separate washroom building (20 x 24), Bar & entertainment hall (30 x 70) featuring cask ales and a complete beverage selection. This well-equipped facility offers tremendous flexibility for a new ownerwhether continuing its proven success as a restaurant and entertainment hub or expanding into new hospitality concepts. Backed by a hardworking team and excellent online reviews, Nellys is a turnkey operation with immediate cash flow potential. Financial figures are available upon signing of a non-disclosure agreement. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$30K

Annual cash flow

$-3K

Cash-on-cash

-1.73%

DSCR

0.91

Going-in cap

5.02%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

77,519

Households

29,218

Median income

$110,500

Median age

32

Daytime population

72,659

5-yr growth

2.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 8890 6 Highway, West Pugwash.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.