Take Over an Existing Licensed Bar

The bar's existing local customers, plus new guests you attract with changes and events.

Drink sales over stock and running costs. You start with existing trade, so you may see revenue sooner than with a new build.

• Reading a small business's accounts
• Leading staff and keeping good ones
• Customer service and community building

• A liquor licence may not transfer automatically, so check your provincial regulator before paying a deposit
• Check the lease length, rent increases and who is responsible for repairs
• Check equipment condition, any debts or staff obligations, and why the owner is selling
• Liquor liability and commercial general liability insurance
• Existing regulars may leave if changes are too sudden

Startup costs are typically around $50,000 to $250,000, depending on the bar's size, location, equipment and the deal you agree. Check the lease terms, equipment condition and any debts before you commit money.

It may not. A liquor licence may not transfer automatically, so check with your provincial regulator before paying a deposit. Also check the lease length, rent increases, repair responsibilities, and liquor liability and commercial general liability insurance.

Monthly revenue is typically around $20,000 to $90,000, depending on location, size and how well you keep the regulars. Plan for at least about 40 hours a week, and ask why the owner is selling.