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    Bavarian Inn and Back-Eddy Pub - Terrace, BC

    North Coast & Northwestern BC Listing No. 18303

    Established Inn famous for its schnitzel and the pub a favourite watering hole. With liquor licenses in place, all equipment and furnishings included, a new owner can fire up the grills, stock up the coolers and be in business.


    Price
    Reduced $1,295,000

    Size
    2.4 acres

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    Description


    The business is operated as a fine dining restaurant upstairs with 222 licensed seats and a pub on the ground level known as the Back-Eddy Pub with 122 licensed seats. Each business is supported by its own infrastructure, kitchen, freezer/fridge and storage. The fixtures and finishing are of high quality and in good condition. A new owner could take over with little additional expenditures.


    The diversification of having a pub and fine dining has proven successful as the needs and wants of the community changed over time. In past years there has been reduced demand for milled wood from BC, as our exchange rates provided no advantage to the market. The Northwest region has also seen a decline in mining and industrial activity, which has affected discretionary spending for many, and has affected local businesses. The fine dining restaurant saw reduced activity over this time, however the pub has been mostly unaffected.


    In the past couple years, the region has seen a slow and steady increase in growth. In October 2018, a $40 Billion Liquid Natural Gas (LNG) Pipeline expansion was announced that will carry LNG from Dawson Creek to a new processing plant in Kitimat, ready for export. This will be a positive financial impact for many years to many regions of the province, including Terrace. Terrace is the largest commercial centre in the northwest.

    Location

    4332 Lakelse Avenue - Terrace, BC

    Access

    From the east turn right at the junction of Terrace-Kitimat Highway 37/Lakelse Avenue. Take the one-way bridge across the Skeena River and follow Lakelse Avenue, the destination in on your right.


    From the west turn left off the Yellowhead Highway 16 at Eby Street. Turn right at Lakelse Avenue, pass through downtown and the destination is on your left.

     

    Area Data

    Terrace, on the Skeena River, is the regional retail and service hub for the northwestern portion of BC. This is a vibrant and diverse community with a population of around 12,500, has over 1,100 active businesses. The City is located on a series of natural flat benches, or terraces within the broad Skeena River Valley, formed by deposits from glaciers thousands of years ago.


    Proximity to the ocean (approx. 60 kilometres), the low altitude (196 feet above sea level), and location within the shelter of the Coast Mountains has created a natural "greenhouse" effect. Rainfall is less than half of that found on the coast and temperatures are moderate - warm enough to permit the growing of fruit orchards and specialty crops, including peaches.


    The Canadian National Railway and Yellowhead Highway pass through Terrace. The railway station is served by Via Rail's Jasper-Prince Rupert train. Air services are provided by Northwest Regional Airport, with connections to Prince George, Smithers, and Vancouver.


    North of Terrace is the Nisga’a Memorial Lava Bed Park. As the lava spilled from the crater an estimated 250 years ago, it followed a creek bed downslope to Lava Lake and down the Tseax Valley to the Nass River. The lava travelled at different speeds depending on the steepness of the slope. Many types of lava flows provide diverse and interesting features, from tree casts, lava tubes, rough and jagged lava, large chunks and lava having a smooth surface or ropey in form. Several hot springs, due to this volcanic activity have also formed.

    Vegetation

    Terrace and the surrounding Skeena Valley are in a hybrid coastal-interior rainforest. These lush forests consist primarily of western red cedar, western hemlock, balsam and Sitka spruce. The dominant soil is a well drained sandy loam with podzol (from volcanic activity) development where the original forest remains. Ideal soil, climate and forest provide growth of the highly profitable and sought-after pine mushroom.


    Within the Skeena River Watershed, Lakelse Lake Provincial Park is surrounded by the mountains of the Kitimat Range. The park preserves stands of impressive old growth cedar, hemlock and Sitka spruce forests which thrive in the moist air swept in from the Pacific Ocean.


    The Kermode (Spirit) bear is an extremely rare sub-species of the common North American black bear. The bears like the mountainous terrain, lush forest growth, mild climate, productive salmon streams and rivers offered in the natural sanctuary around Terrace and on the small islands in the Douglas Channel.

    Recreation

    This entire region is a gateway to some of the best outdoor adventure in the Northwest. From the mountain playground, placid lakes and raging rivers, you have access to four seasons of fun and excitement.


    Recreation Sites
    There is a variety of recreational opportunities available in the Kitimat alley and the Douglas Channel with 17 recreation sites and 20 hiking trails in the area. Overnight camping is available in all recreation sites.


    Hiking
    The Coastal and Skeena mountain ranges represent a paradise for all level of hikers, and the mountains that surround Terrace are covered with wilderness hiking trails, traversing alpine meadows and rough terrain. Terrace Mountain is a good three-hour trek, which, at the summit provides a sweeping view of the city and down the Skeena Valley. Sleeping Beauty Valley is an exemplary experience, with overnight camping - allowing exploration of the beautiful alpine meadows and lakes.


    Mountain Biking
    The diverse terrain is tailor made for all levels of riders. The ‘Guide to Recreational Trails in the Terrace Area’ detail these trails. The Onions Lakes trails, 20 minutes south of Terrace on Highway 37, provide great biking in the summer months and excellent cross-country ski trails in the winter with 23 km of choices.


    Mountain Climbing
    Stone Walls at Copper Mountain, Exchamsiks River Provincial Park, Exstew Valley and Chist Creek all provide challenging terrain.


    Paddling
    The Pacific Ocean, Kitsumkalum Lake, the Skeena River, and a vast number of other lakes and rivers are fabulous to explore by canoe or kayak. For a more adventurous water experience, there is white-water paddling, water skiing, wakeboarding, kite surfing and even parasailing.


    Fishing
    The Coast Mountain and the Skeena River Valley provide glacier-fed rivers, streams and lakes full of fish. Sport fishing yields salmon, steelhead and trout. The Skeena River system is home to all five species of Pacific salmon, which return from the ocean to spawn. In winter, ice fishing is popular on Lakelse Lake, off the mouth of Williams Creek, or anywhere on Meziaden Lake.


    Golf
    At the foot of the Thornhill Mountain, just outside of Terrace, is the challenging Skeena Valley Golf and Country Club. Each hole offers golfers spectacular views of the surrounding mountains and glaciers.


    Winter Sports
    Shames Mountain, one of North America’s ‘best kept secrets’, provide unmatched powder and internationally acclaimed backcountry skiing opportunities and cross-country skiing. The cross-country ski trails at Onion Lake, south of Terrace have both classic and skate skiing trails suitable for all abilities. The terrain around Terrace is ideal for snowmobiling, and exercise enthusiasts wanting to get out into the crisp winter air can enjoy the outdoor trails by snowshoe. Indoor activities include curling, ice skating and hockey.

    History

    First Nations peoples have inhabited Northwest British Columbia for generations. This entire region is one of the oldest continuously occupied regions of the world and, long before European contact, was one of the most densely populated areas north of Mexico. The flat mountain ranges surrounding Terrace are traditionally called Ganeeks Laxha, which in the Tsimshian language means the "Stairway to Heaven.” Kitselas and Kitsumkalum are two Tsimshian communities in the Terrace area that continue to access traditional tribal and clan-based territories in northwest British Columbia. The Skeena River was initially known as the K'shian River, meaning "where the mist comes out." The Tsimshian Nation's traditional economy was based on hunting, fishing and social gatherings, for domestic consumption or trade, on their traditional lands. For the aboriginal people, the Skeena River was used for transportation, communication, war, trade, as a source of food and at times for protection.


    The Heritage Park Museum is a Municipal Heritage Site and Museum. This museum occupies 1.73 acres of scenic parkland that was originally the first dairy farm in Terrace and later the site of a large WWII army hospital. Ten different buildings sit on the site, 8 of these are original log structures relocated to the museum grounds from various locations in the Terrace area. Within each of the buildings there are artefact displays exhibiting the local settlement history of Terrace and the surrounding area. Displays highlight industries such as logging, mining, trapping, farming and tourism, as well as the general ways of life of newcomers to this area.

    Map Reference

    54°30'59.00"N and 128°34'23.38"W

    Investment Features

    The turnkey operation is ready to go with all equipment, furnishings, 344 licensed seats and intellectual assets. The rental home next door would be an ideal location for a private liquor, cold beer and wine store.

    Services

    Power, municipal water and sewer, telephone, high-speed Internet

    Improvements

    10,500 ft² main building, built like a fortress. The Bavarian Inn is located upstairs with 222 licensed seats, while the Back-Eddy Pub is on the ground level with 122 licensed seats. Both have separate infrastructure and are operated independently. A 1,340 ft2 rental bungalow sits on a separate title next door to the main building. There is paved parking for 75 stalls.

    Tax Details

    $22,981 (2018)

    Zoning

    C3

    Legal

    LOTS 2 & 3 DISTRICT LOT 368 RANGE 5 COAST DISTRICT PLAN 3034
    PIDs 012-405-027 & 009-082-115

    Maps & Plans

    Map01

    Maps & Plans

    Our property descriptions and geographical information are taken from the BC Assessment Authority, Land Titles Office, government maps and other sources. While LandQuest® does not guarantee the information, we believe it to be accurate, but should not be relied upon without verification. This communication is not intended to cause or induce breach of an existing agency agreement.

    Location