Fabulous location Old Montreal / Real Estate + Business restaurant

Fabulous location just a few meters from Place Jacques Cartier, in the heart of Old Montreal, the historic city, all in a small solid and well maintained condominium. It is made up of two commercial condos, one with the prestigious address at 85 rue St Paul Est, and the other on the perpendicular street at 410 rue de Vaudreuil. The potential is enormous, you can occupy or rent the 2,753 sf or you can divide the two condos again to occupy or rent one and rent the other or even sell one of the two if the area is too large for your needs. needs. Corner building for maximum visibility, lots of windows and a terrace on the pedestrian street. You can take over the restaurant with 100 indoor and 40 outdoor seats, simple French and Italian dishes in a bistro setting, established for more than 35 years, with a good reputation and a good reputation, or create a new concept in a unique location on a part of the surface or on both. The comfort of being able to rent or sell the rest of the area is a real advantage. You can take over in very good condition without making any investment or renovating the interior for the project of your taste. The comfort of owning the premises limits your risk and assures you of future value. The sale of the premises must be done with the sale of the goodwill. Sale with legal warranty.
Funding assistance available. Turnkey or editable concept. Ideal for professionals, entrepreneur or investor.

GENERAL INFORMATIONS

Type of sale: Business sale 100% of the shares
Type of business: Restaurant
Type: Business sale + commercial real estate sale (assessment $1,450,000)
Reason for selling: Retirement
List of equipment available with appraisal report of $329,400
Date, deadline for signing deed of sale and occupation: 30 days, or any other date or deadline reasonably agreed between the parties to the transaction.
Involvement of the seller after the sale: Available to succeed in a perfect transmission of his business
Financing: Free assistance with the financial arrangement of MayDay Strategie, possible participation and possible balance of sale.
Inclusions: 1° the name; (2) traffic; 3° all the rights and privileges related to the identification of the enterprise (telephone number, signs, advertisements, etc.); 4° all movable property, apparatus and equipment used in the operation of the Enterprise (see appraisal report); 5° The Company’s merchandise inventories are included up to a value of $5,000.
The sale will be considered cash free-debt free. Accounts receivable, accounts payable and debts, bank accounts are considered zero. An adjustment may therefore be made at the time of the sale or within 3 months.

COMPANY DESCRIPTION

In operation since 1987
Stage of development: Growth
Particularities of the business: One of the best locations in Montreal. Rue St-Paul near the famous Place Jacques Cartier, opposite the 3 Brasseurs, near the William Gray hotel, the Auberge du Vieux Port, Restaurant Keg, etc…

HUMAN RESSOURCES

Management team: Two co-owner brothers, one in the kitchen and one in the dining room
Number of employees: 7 full-time and 14 part-time in season

MEDIA

Company website: https://restaurantpapillon.business.site/
Facebook: https://www.facebook.com/people/Restaurant-Papillon/100022753582760/ (278 subscribers)
Reviews: Tripadvisor 4/5 (493 reviews), Facebook 4.2/5 (287 reviews)

Market Description

The Old Port of Montreal is a historic district located in the city of Montreal, Quebec, Canada. It is a historic port dating back to the 17th century, which played a key role in the economic development of the city of Montreal. Today, the Old Port is a popular tourist district, with many restaurants, museums, shops, attractions and recreational activities for visitors. Popular Old Port attractions include the Montreal Science Center, Pointe-à-Callière Museum, Montreal Ferris Wheel, Bonsecours Market, and more.
The Old Port is also a starting point for cruises on the St. Lawrence River and for guided tours of the city of Montreal.

Clientele

In addition to neighborhood residents who are wealthy, foreign and Canadian tourists who visit Montreal and wish to discover the city’s tourist and cultural attractions. Visitors looking to learn more about Montreal’s history, including French colonization and colonial architecture.
Business travelers who stay in hotels or conference centers located in the area.
Local Montrealers who appreciate the lively nightlife and the many restaurants and bars in the area.
Students studying in the many schools and universities located near Old Montreal.
In summary, Old Montreal’s clientele is diverse and includes tourists, visitors, business travelers, and locals looking to explore the city’s historic district.

Business hours

Monday to Friday: 5:00 p.m. to 11:00 p.m. *
Saturday and Sunday: 11:00 a.m. to 11:00 p.m.
From Monday to Friday, the establishment is no longer open for lunch to protect the health of one of the co-owners.
Open only from April 15 to October 31.

Market opportunities

Open for lunch and extend the opening period after October 31. Make deliveries with Uber Eats and other delivery platforms. Accept tourist groups from travel agencies.

Bank

Bank name: Desjardin

DESCRIPTION OF THE PREMISES

Year of construction: 1870
Owner occupied
Type: Corner commercial space
Area: 2,753 sf (11 X 12 ft irr / 3.35 X 3.66 m irr)
Municipal taxes: $23,463 / year and School taxes: $818 / year
Condominium fees: $6,000 / year
Electricity: With circuit breakers, 400A, 2 x 225A
Restaurant alcohol license
100 places + terrace of 40 places
In a small well maintained solid condominium. These are 2 commercial condos currently grouped together, one with the prestigious address at 85 rue St Paul Est, and the other on the perpendicular street at 410 rue de Vaudreuil. The potential is enormous, you can occupy or rent the 2,753 sf or you can divide the two condos again to occupy or rent one and rent the other or even sell one of the two if the area is too large for your needs. . Corner building for maximum visibility, lots of windows, etc…
You want to use the entire space in the state, everything is operational immediately without making any investment.
Do you want to renovate the interior for the project of your taste?
The comfort of owning the premises limits your risk and assures you of future value.
The sale of the premises must be done with the sale of the goodwill.

DISTRICT MARKET STUDY

Location: Daycares 10/10, Convenient for pedestrians 10/10, Parks 10/10, Grocery stores 10/10, Nightlife
10/10, Shopping 10/10, Public transport 9/10, History 9/10, Cafés 9/10, Restaurants 9/10, Dynamic 8/10, Friendly by bike 7/10, Friendly by car 6/10.
Population (2016): 87,168
Population change between 2011 and 2016: + 6%
Population density: 6,414 inhabitants/km2
Population by age group: Average 40 years old, < 15 years old 7%, 15 to 24 years old 16%, 25 to 44 years old 40%, 45 to 64 years old 22%, > 65 years old 14%
Household income: Average $71,288, Less than $50,000 58%, Between $50,000 and $80,000 18%, Between $80,000 and $100,000 7%, Between $100,000 and $150,000 8%, Over 150 $000 9%
Profile of private households: Average 1.7 people, Households with 1 person 55%, Households with 2 people 31%, Households with 3 people 9%, Households with 4 people 4%, Households with 5 people and +2%
Family type: Couples without children at home 57%, Couples with children at home 26%, Single-parent families 17%
Housing occupancy: Proportion of owners 27%, Proportion of tenants 73%
Housing construction: Before 1960 33%, From 1961 to 1980 28%, From 1981 to 1990 11%, From 1991 to 2000 8%, From 2001 to 2010 13%, From 2011 to 2016 8%
Dwelling type: Detached houses 1%, Semi-detached or row houses 2%, Buildings less than 5 stories 48%, Buildings 5 ​​stories or more 49%, Mobile homes 0%
Education: University 52%, College 15%, Secondary 18%, Apprentices or trades 6%, No diploma 9%
Immigration: Non-immigrant population 63%, Immigrant population 37%
Languages ​​spoken: French 54%, English 26%, Other languages ​​20%

VISITS

Discretion requested​

Stanislas Didier Founding President Canada : +1 514 618-9165 France : 07 66 37 69 66 [email protected]	Benjamin Espaze Real Estate Broker RE/MAX L’ESPACE 514 581-9116