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Stone Jug Historical Premisis on the Sea

232 Water Street
  • US$5,500,000

Overview

Property ID: BH-22080
  • Commercial
  • Property Type
  • 4
  • Bathrooms
  • 10890
  • sqft
  • 1860
  • Year Built

Description

The entire property and business are being sold together. The “Stone Jug” property features 3 distinct floors, plus the addition of a full basement for a total of approximately 12,000 sq. ft. Each floor is approximately 3000 sq. ft. The 1st floor seats 85+ guests and has an 85 ft. bar and an open concept kitchen. The 2nd floor easily seats 200 guests. The 3rd floor theater and conference room seats 120 guests. *In 2020 the addition of a 2000 sq. ft. outdoor Austrian Beer Garden has been erected adjoining the Stone Jug property. Outdoor seating can accommodate 130 guests.

All of these facilities make the Stone Jug a perfect venue for weddings, meetings, conferences, functions, theater & musical performances. Whether it’s a private event, a night out with friends, a business dinner or just a casual evening in the pub, you can move from one floor to the next to a completely different venue. There are no other similar facilities in Canada, making this an instant positive ROI and cash flow for years to come.

The building is a historical structure built with 1-Meter-thick walls made out of hand-carved stone dating back to the early 18th century. It rivals other historical buildings found in New York, Paris or London. The building has undergone a total of $5,000,000 USD in restoration by the current owner recently sparing no costs. Clients are mesmerized by the beautiful gleaming hardwood floors & stairs, copper ceilings, glittering chandeliers and hand-crafted woodwork.

The property includes a 10,000 sq. ft. additional property currently used as a parking lot, which has the potential to be converted into a hotel or other facility.

The property is currently Licensed as a restaurant & Lounge, with liquor, wild game & fishing licenses with no restrictions. The entire operation and the physical property are included in the offer. This popular establishment is continually selected by the public, as a preferred venue for weddings, meetings, conferences, multi-level functions, theater & musical performances. “Stone Jug” has also been listed by the tourist industry, as a “must visit” 5 Star Attraction in Canada.

Stone Jug is extremely profitable since its opening in 2015. The profit level was 12% of sales in 2016, and 20-22% of sales in 2017/2018/2019/2020.

If you need any other information, please send your inquiry.
*Owner can consider partial cash payment or BTC/ETH.

  • Address 232 Water Street
  • City Carbonear
  • State/county NL
  • Zip/Postal Code A1Y 1C3
  • Country Canada

Details

Updated on December 14, 2021 at 2:47 pm
  • Property ID: BH-22080
  • Price: US$5,500,000
  • Property Size: 10890 sqft
  • Land Area: 1 acre sqft
  • Bathrooms: 4
  • Year Built: 1860
  • Property Type: Commercial
  • Property Status: New Listing

Additional details

  • inventory list upon request:

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