Wow! Congrats on the deal of a lifetime! Best of luck!

congrats!!!!

That sounds right. I remember the name "Carlton Club" too.

That's a prime site nowadays. The after-work business crowd alone could be substantial. All those office types cooped up all day in the Trizac tower, TD center, Richardson bldg etc have to go hydrate somewhere. :D

A fine score for sure.

Good luck with it SD.

What city is that, I was always under the impression that you lived out in the middle of nowhere (which is where i'd love to be).

That looks fucking sweet. Congrats to you, Scott! xoxo

That is awesome

sweet deal congrats

best part is the guys who renovated the bar have a 2 year lease. if the bar works - and last two weekends it's been lined up around the corner filled to capasity, they're fucked in 2 years LOL i can either TAKE the bar or put their rent though the roof.

although I'll probally be fair to be honest, I'm not about destroying someone else if they made something but it gives me a LOT of leaverage with the tenent so they'll play by MY rules and not the reverse.

mooooooohahahahahahahahahahahahahahahahaha

the commerical apprasial company I used said if I can rent out the offices I plan to put in to 70-80% capisity the value goes to 1.5 mill almost immediatly. basically after reno i double my money.

Lol..... Nice catch!!

:)

my business plan only hopes the bar makes it 6 months. i can do it even if the bar goes under tomorrow but 6 months would be nice - anything after that is a bonus. bars don't add much to an appriasal, too unstable but multiple small office rents with a shared receptionist are VERY stable as you'll never loose ALL your clients - stability means VALUE. if i remove the bar and put offices down there too the value would goto well over 2 million

you are the coolest

$400k in rent per year, and the bar didn't bother to pay $550k to buy the building? Sounds like a stripped down version of the story...

3 late 20's kids and they ran out of money. already leaveraged to the MAX with the reno. they were CRYING they couldn't buy the bar - crying.

banks won't touch bars here with a 10 foot pole. I ran into the same problem getting financing. most bars go under in less than a year.

my business plan only hopes the bar makes it 6 months - anything after that is a bonus

had to use private financing.

you read it wrong.

$400K in RENO done.

bar pays $7600 rent a month or just over $90K a year rent

Congrats Sleazy, best wishes making the most with the new property.

congratulations and goodluck SLeazy!!!

very awesome , Good Job :)
Cheers to you

Sleazy... did you actually type "great location" and "Winnipeg" in the same sentence?

LMAO!!!

(congrats though)

Nice building - congrats

Holy fucking shit, Real estate gold mine. Dude who is your real estate agent? I want him or her working for me.

this from a man who lives in a city in north america that doesn't speak english

very nice and they comfortable to hang out too.

Noceeeeeeeeeeeeeeeeee

Congrats Sleazy, now you can buy EVERYONE a lapdance :winkwink:

Dude I can see it now... Chez Frenchy, where you eat like a healthy King ;-)

Seriously bro congradulations you sounded stoke on the phone yesterday

Excellent purchase Scott! What a bargain you found.

Congrats man.

Very exciting!! Congrats Scott that looks like a HELL OF A DEAL :)

Brad

Nice cash flow:thumbsup

Congrats glad the deal went thru for you.

Wow, congratulations, Scott! That looks like quite a steal!

Congratulations Scott, sounds like a really really good finantial operation, plus there is something about owning a bar or a club :) Can't wait to see it!

Wow! That's fantastic Sleazy congrats!

been there before.......

Congrats! What a great move.

Can I get in free if I visit?..congrats on the investment

wow, very nice :thumbsup

No matter how you slice it, $23/sq ft. is a steal.

Kickass!

congrats and best of luck

congrats for a nice looking Bar!!goodluck to you man...

congrats! wish i could go there :)

congrats Scott!! I'm so glad you went for it! We'll have to have a drink there when we come up for the festival!! :)

Bad Ass!!!!

Most Excellent Investment!

A huge commercial building for less than a house.... Sweet

WOW! :thumbsup

Congrats!!

Right, but endless supply now free of charge :pimp

Im sure it can be worked into the lease ... You are leasing the club out right?

Wasn't the Carlton Club on Fort St?

Congrats on finding a great deal Scott :thumbsup :thumbsup

Some of our customers are your neighbors. I think we can deliver the fastest symmetric Internet connection in the city to your new office. We'll talk ...

101 great buys :-/