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# 1070 Iconic Diner – $239,900

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 This diner is an icon in Calgary. It has always rated in the top 3 in the City. Previous owner in place for many years and was hosting the third generation of truck drivers who patronized the restaurant.

Once Covid restrictions are lifted, this diner will be overflowing with business once again.

A new lease will be negotiated with the Landlord who has appreciated having this restaurant as a Tenant for decades!

Sales: Gross sales: Prior to Covid, the sales in 2019 were $2.3M.

Size in sq. ft. 4,500 sq. ft.

No. of Seats: 176

Number of parking stalls: Very large parking lot with space for many large trucks and other vehicles.

Financing: Treat as clear title

Style of cuisine: Casual dining; great diner ambiance

Customer Demographics: Truckers through 3 generations and lots of other regulars

Type of service: Table

Hours of operation:
A new owner can decide the hours of operation.

Number of employees: As required – when they were open 24 hours/day they had a staff of 40 (mixed full and part time)

 

Leasing information:

Rate per sq. ft. New lease rate to be negotiated
C.A.M. To be determined
Lease Term: New 5-year lease             Option periods: One 5-year option
Deposit held by Lessor: To be verified


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