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Commercial For Sale
232 Water Street
Carbonear, Newfoundland A1Y 1C3
Waterfront:Yes Ocean View: Yes
$3,500,000 0 br, 4.0 bath 10000 sq. ft. 1.000 acres Ad # 1723272
Reduced to $3,500,000 was $5,500,000!
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.
- Bedrooms: 0
- Baths: 4.0
- Sq Ft: 10000
- Year Built: 1860
- Utilities: 1000
- Fireplaces: 6
- Stories: 3
- Heat/AC: induction
- Lot Size: 1.000 acre
- Lot Dimensions:
- Waterfront: Yes
- View Types:
- Yard: Beer Garden & parking lot
- Siding: stone
- Roof: slate
- Property Taxes: $8000
- MLS #:
Bruce Branan, Homeowner
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Stone Jug Holdings Ltd.
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Ad Number: 1723272
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Updated: Jul 18, 2022
This property is a Commercial located at 232 Water Street, Carbonear, Newfoundland A1Y 1C3, and is currently For Sale at $3,500,000. This Commercial has 0 bedrooms, 4.0 baths, 10000 sq ft.