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1030 – Long Established Restaurant & Lounge – $650,000

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This is a long and well-established restaurant and lounge in a popular community in Calgary. The area serves approximately 30,000 people when considering Lakeview, surrounding communities, students at college and high traffic arteries in the area. This is the only hospitality facility of its type in the neighborhood. As a result, the roots are very deep and they have many regular, loyal clientele.There’s lots of parking and comes with 8 VLTs. Ready for the energy and marketing ideas of a new owner! It’s the first time being offered for sale so DON’T MISS IT!

Please note this can be purchased as a share sale – asking $650,000 or for an asset sale – asking $750,000

Sales: Gross sales: $1.7M per year including VLT income

Size in sq. ft. 3,600 sq. ft.

No. of Seats: 160 in total (55% in bar and 45% in restaurant)

Number of parking stalls: Lots of parking

Financing: Treat as clear title

Style of cuisine: Casual dining; featuring pizza, pasta and steaks

Customer Demographics: Wide range of ages; locals; lots of regulars from surrounding neighborhoods

Type of service: Table

Hours of operation:
Monday to Thursday 11 am – midnight

Friday & Saturday 11 am – 1 am

Sundays 6 pm – 10 pm

Number of employees: 20 – mixed full-time and part-time

Leasing information:

Rate per sq. ft. $14,337 per month for rent, CAM and GST.
C.A.M. Included in above monthly amount
Lease Term: 4.5 years left             Option periods: One 5-year option
Deposit held by Lessor: To be verified


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