Spences Bridge, British Columbia

AERIAL VIEW (BELOW) OF PROPERTY LOCATION ON TRANS CANADA HIGHWAY AND PROXIMITY TO THE THOMPSON RIVER

DIFFERENT ANGLE OF THE CABIN'S PIECE OF EARTH ACCORDING TO GOOGLE (BELOW)

 

The Log Cabin Pub is for sale:

This thriving business is a fabulous opportunity to realize a lifestyle change. The pure air, small-town atmosphere and proximity to larger centers make this a great place to get away without getting remote.  The impression of wilderness is one of  Spences Bridge's biggest attractions.

As can be seen on the website, the pub is located in a beautiful area with a great climate and virtually no pollution. It is a respected local business with lots of room for growth.

The Log Cabin Pub is a 4,000 sq. ft. log structure sitting on 3 1/2 Commercial-zoned acres.  It was built in 1976 as a neighbourhood pub when they were first appearing in the "licensed premise" industry.

Situated only 3 hours drive through the Scenic Fraser Canyon to or from the City of Vancouver, there is a constant flow of traffic through this North-South-East-West portion of the Trans Canada Highway.  If the Interior isn't passing by on their way to the amenities only a large city can provide, the City is stopping in on their way to one of the dozens of recreational lakes they have to choose from in the Interior.  Add to this the thousands of National and International travellers, truck drivers, business commuters, and Canyon residents driving to larger towns for their every day shopping, and there is no shortage of passing trade.  The added advantages of sitting at the junction of the Trans Canada Highway and Highway #8 to Merritt and the Coquihalla Okanagan Connector are obvious.  Spences Bridge is also where the Nicola River joins the Mighty Thompson River, making it one of Canada's best fishing and whitewater rafting hot spots.

The City of Vancouver being just a stone's throw away, makes the Log Cabin Pub the ideal distance to draw from the lower mainland population for overnight or weekend getaways.  It can easily accommodate large groups, both in parking space available, and in the enormous, open entertainment area inside the building.

John and Laurie Kingston have been the owners of this bustling country pub for 15 years and have made constant improvements in both appearance and sales during that time.  However, since purchasing the motel next door they are anxious to take on another project and find a purchaser for the pub to take the Log Cabin business to the next level.

The experience gained over these many years of building the reputation of the Log Cabin Pub have shown the current owners that the roles of Neighbourhood Pubs in small rural areas is changing.  No one has a better insight than John and Laurie as to how the premise could best serve not only the Trans Canada Highway traffic through the Canyon, but the communities that currently rely on the few services provided in these small, rural towns. 

Changing the licensing from Liquor Primary to Food Primary would make the opportunities endless for potential growth of the business.  This application would not eliminate any of the current good-will, but would open up the building to add an entire new family or tour bus market-group.  A bar and grill atmosphere is one way financial sustainability is being obtained in the Hospitality industry in this day and age of including the whole family in our celebration or getaway travelling plans.

This business has been priced to give room for some further investment to make any necessary changes required for increasing the kitchen facility and adapting the building for family restaurant use.  As seen on the attached list of assets, much of the equipment needed to make a full, commercial kitchen is currently in storage.

Because they are planning to move next door to revive another business in Spences Bridge, John and Laurie are willing to carry a mortgage for prospective buyers of the Log Cabin. They will also be providing something that they have never enjoyed in their 15 years of ownership of the pub, and that is an accommodation business in town to work together with to draw destination customers to the area.

 

Company Assets:

Land:

3 1/2 acres (approximately 1.4 hectares) Commercial Zoning
Residential varience included
Frontage on the Trans-Canada Highway (Highway 1)

Buildings:

80 by 50 feet single story (24.3 by 15.2 meters) log building with an 18 foot ceiling (5.4 meters),

         new roof 2009                      
12 by 68 foot (3.65 by 18.2 meters) 2 bedroom mobile home with 8 by 24 foot addition
10 by 40 foot (3 by 12 meters) storage building with 12 by 16 foot addition

Equipment:

Bar:
145 chairs
25 tables
3-stage glass washer and sanitizer
2 2-speed electronic clean air ionizers
2 electric rooftop furnace/air conditioning units

Entertainment:

10 foot diagonal Zenith front projection TV
60 inch HD LCD surround sound TV

42 inch HD Plasma Flat Screen TV
Excellent 450W sound system including amp, preamp, equalizer, CD Player, VCR, surround sound speakers
4 complete satellite systems (2 HD receivers), digitally compatible with TV screens
2 coin operated 4x8 1" slate pool tables
24 foot antique shuffleboard
Foosball table
Very large raised stage and dance floor

Office:
Air conditioned
Dell Vostro Intel(R) Core(TM)2 Duo CPU
Windows XP
High-Speed Internet connection
Lexmark 2300 Series scanner/copier/printer
Brother Intellifax 1270 plain paper fax machine
GE telephone/answering machine
3 phone lines
3 desks (new)
5 chairs
Very large anitique safe built into wall
Private washroom
Kitchen:
In place:
Quick & Crispy convection oven
2 microwave ovens
pizza oven
Baskets, dishes, cutlery and utensils adequate to operate a small commercial kitchen
In storage:
48" flat grill (gas operated)
48" char grill (gas operated)
66" four-zone breakfast grill
large commercial dishwasher
60" stainless steel exhaust hood
stainless cold plate and dolly
Product storage:

Refrigerator/freezer in kitchen
5 chest freezers
8 foot by 20 foot walk-in cooler (complete new cooling unit installed May 2010)

2-door sliding cooler
6-line trunk draught beer draw system
2 electronic metered and measured draught pour system

Signage:
5 foot by 8 foot 2-sided flourescent sign
4 foot by 8 foot plywood and wrought iron sign halogen-lit
Fluorescent entrance sign
2 Large neon "OPEN" sign
2 4 foot by 8 foot road signs at approximately 5 km from pub
1 2 foot by 16 foot sign
2 4 foot by 32 foot signs
All signs are professionally made
Licensed Patio:

4 8-seat cedar picnic tables
4 6-seat fir picnic tables

BBQ pit

Other equipment:
Scotsman 450 lb. capacity icemaker and storage bin
Whirlpool commercial washing machine
Whirlpool commercial dryer
Selling company:
Purchaser does not pay HST, plus assumes existing shareholder loans.

ASKING ONLY $699,000.00

 

For more information, contact Laurie and John directly by email.

or contact us by other means at:

John & Laurie Kingston
P.O. Box 10
Spences Bridge, B.C.
V0K 2L0

Phone: 250-458-2215
Fax: 250-458-2217