C $650,000; US +/-$489,000; € +/-439,000

With its large deck overlooking the Lunenburg waterfront, Magnolias has been successfully serving the locals and tourists for the past 30 years. It is also a favourite eating place for a long list of celebrities visiting Old Town Lunenburg, a UNESCO World Heritage Site and home port of the schooner Bluenose.  And no wonder, it has been recommended in “Where to Eat in Canada” every year for the past 28 years, longer than any other restaurant in Canada. The funky east coast atmosphere, the great food and the excellent service keep them coming back.  This offering includes the land, the 2 ½ storey building (plus walk-out lower delivery level), the fully equipped and operating restaurant and a two storey apartment above.  The sellers are prepared to sell the total package, or sell just the operating restaurant business for $275,000.  Contact the listing agent for a Feature Sheet and itemized list of restaurant equipment.



Reference Number:

C-0008

Address:

128-130 Montague Street, Lunenburg, NS

PID: 60063229

MLS: 201716957

Directions:

From Halifax, take Hwy. 103 to Exit 10 or 11. Follow the signs to Lunenburg. Montague Street is one street up and parallel to the waterfront.

Size of Lot:  1,076 sq.ft.

Style of Building: 2 ½ storeys plus lower level

Age of Building: 1872

Footprint Dimensions: 35’10 x 23’8 + 21’7 x 8’6

Total Floor Area: 2,300 sq.ft. plus lower level of 570 sq.ft.              

South Facing Deck: 24’ x 12’6

Exterior Cladding: Wood shingles

Roofing: Asphalt shingles – bar area (2012), half of main roof (+/-2005)

Insulation: Back wall of basement and the 3rd floor eaves

Electrical :200 amp. service

Heating: Electric

Propane Tanks: 2 rented propane tanks 

Doors: Panel

Trim: Heritage

Internet: High speed cable

Septic: Municipal 

Well: Municipal

MAIN FLOOR

Room Sizes: Dining Area: 19’6 x 15’8; Bar Area: 8’ x 21’ 7; Deck: 24’ x 12’6; Kitchen Area: 14’8 x 14’3 + 5’10 x 5’6; Bathroom: 4’4 x 3’6 (2 piece); Bathroom: 7’2 x 3’8 (2 piece); 

Flooring: Vinyl tiles in the dining room, wood in the bar area, linoleum in the kitchen and washrooms

Windows: Extensive ground floor glazing on Montague Street

LOWER LEVEL: 30’2 x 19’3 = 570 sq.ft.

SECOND FLOOR APARTMENT WITH FABULOUS VIEW OF THE HARBOUR: 

Room Sizes: Living Room: 13’6 x 11’9; Dining Room: 13’9 x 9’10; Kitchen: 13’6 x 11’8; Bathroom: 13’6 x 6’1 (4 piece)

Windows: 2 over 2 single pane

Flooring: Laminate, carpet and linoleum

Insulation: In the ceiling

Appliances: Stove, washer and dryer

Contents Included: Kitchen table and two chairs, miscellaneous other pieces and some kitchenware

THIRD FLOOR WITH EVEN BETTER VIEW OF THE HARBOUR(finished and unheated): Bedroom: 13’9 x 11’9; Bedroom                                 134’9 x 11’9.

Insulation: In-floor

Windows:  2 over 2 single pane

Flooring: painted pine boards

Other: 

Magnolia’s Grill is an award winning restaurant on the Lunenburg waterfront. It has been operating successfully since 1987. It has been featured in “Where To Eat In Canada” every year for the past 28 years and is awarded the Certificate of Excellence every year by TripAdvisor.  

The restaurant currently seats 38 people indoors and another 16 seasonally, on the south facing deck overlooking the Lunenburg waterfront.

The restaurant is located in a three storey building with a lower level.  It occupies the 1,032 sq.ft. main floor of the building for the kitchen, dining, bar and washrooms and the 570 sq.ft. walk-out lower level for food preparation, coolers, freezer and storage. Above the restaurant is a 2 storey apartment.

There are a number of possibilities for substantially increasing the revenue from the operation by:

-        Opening on Sundays.

-        Extending the season of operation beyond the current April 1-Oct. 31 season.

-        Opening for breakfasts.

-        Opening a bar in the area to the right of the main restaurant which is now being used as a waiting area.

-        Increasing the seating in the main restaurant by moving the kitchen to the basement.

-        Establishing a catering operation.

-        Updating the two storey apartment (separate entrance) above the restaurant for renting.

EQUIPMENT

This offering includes all the restaurant equipment on the premises (see attached partial list).

FURNISHINGS

This offering includes all the furniture on the premises.

DECOR

This offering includes all the décor on the premises, with the exception of certain personal items.

FINANCIAL STATEMENTS

Will be made available to qualified buyers upon signing a confidentiality agreement.

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On You Tube – check out Magnolia’s Grill on The Food Network’s “You Gotta Eat Here”.

Recommended in Bride Magazine, En Route Magazine, Canadian House and Home, Globe and Mail, twice in the New York Times and Gourmet Magazine and many other periodicals.

Recommended in “Where to Eat in Canada” for more consecutive years than any other restaurant in the country.

A Few of the Customers -  Margaret Atwood, Christopher Plummer, Helen Mirren, Chuck Norris, Cuba Gooding Jr., Tom Selleck, Kathy Bates, the Governor General of Canada, Dame Edna, etc., etc.