You can reach out to Andrew Lin with Toronto Restaurants for Sale, A Certified Restaurant Broker who can help you evaluate different opportunities. When evaluating bars or pubs for sale, consider factors such as location, demographics of the surrounding area, condition of the property, and the type of business that fits your lifestyle.
Negotiating the purchase of a bar or pub for sale in Toronto may require researching pricing and market value of similar businesses, as well as understanding the financing situation and verifying provable income. Keep in mind that some bars may have unreported income, so due diligence is important in evaluating cash flow and negotiating the sale price.
When Buying a Bar or Pub in Toronto
It is crucial to be knowledgeable about the liquor license laws in Toronto, Canada when considering buying a bar or pub. A Certified Restaurant Broker who specializes in the Toronto market can provide valuable insights on these regulations. The laws for license transfer can vary from province to province and sometimes even from city to city. It may be necessary to hire a liquor license facilitator to assist with the transfer or issuance of a liquor license, as they are well-versed in navigating the requirements of local boards, provincial license authorities, or city citizen groups.