Restaurant & Lounge For Sale in South Calgary - $650,000

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Listing #125

Property Type:

ACTIVE LISTINGS FEATURED RESTAURANTS

Listing #125

Property Details

Name of Facility:  Name Witheld for Confidentiality

Address:  SW

City:  Calgary

Province:  AB

Size (sqft)  7733 SqFt

Number of Seats:  250

Style of Cuisine:  Steak, Continental Cuisine, Pizza and Pub food in the Lounge and Family dining area

Customer Demographics:  Long time loyal clientele, Surrounding businesses & lots of residential within walking distance

Lease Rate:  Yr 1 - $16sqft / Yrs 2&3 - $17.50sqft / Yrs 4&5 - $19sqft / Yrs 6 to 10 $22sqft (Hot water, Heat & Air Conditioning is included in base rent)

CAM Rate:  $4.63 for 2009

Lease Term:  Ten year lease starting Jan 1/09

Option Periods:  Two 5 Year Options

Deposit Held by Lessor:  None

Sales:  $1.3 million per year

Number of Parking Stalls:  Lots of parking in surface lot and underground parking

Type of Service:  Table Service

Hours of Operation:  11am - Midnight Monday to Thursday / 11am - 1am Sat & Sun / 12pm - 9pm Sun

Number of Employees:  25 +/-

Listing Courtesy:  Exclusive

General Comments

This South Calgary Restaurant and Lounge has served the community for over 30 years and has a devoted clientele. Known for its warm atmosphere and great service, people come from all over the city to enjoy the great steaks and LEGENDARY pizza! The family dining area is popular with the locals and sports teams and the take out pizza business is very brisk. The lounge had a make over a couple of years ago and has a contemporary feel, along with 3 VLT’s.

Once in a while you have the opportunity to buy a solid business and this is it. With over $200,000 to the bottom line year in and year out, below market rent with a long term lease, this is indeed a rare offering. The current owner has other business interests and would like to move forward with those, but is willing to help train and transition the new owner into the business.

Call me if you would like to discuss this fantastic business opportunity

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If you require further information or would like to book a viewing appointment, please call Rob Campbell at CIR Realty (403-542-7253). If you decide to visit the location, we would ask that you please do not speak to any staff or customers directly.


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**This particular listing document is provided in the strictest of confidence. If you require further information or would like to book a viewing appointment, please call Rob Campbell at CIR Realty (403-271-0600). Given the nature and confidentiality of the potential transaction, we would ask that you please do not speak to any staff or owners of the listing property directly.The information contained in this listing has been supplied by the owner of the business. Rob Campbell and CIR Realty take no responsibility for the accuracy of the information provided and advise any potential purchaser to carry out their own research and due diligence to verify the accuracy of the information through the appropriate channels.**