#1076 – Restaurant in the Bow Valley – $379,000
This is a long-established restaurant in the popular Bow Valley area, well-known to locals and visitors. The facility is immaculate throughout. Fully-equipped kitchen. Lots of tour buses book their meals here. IMPORTANT NOTE: housing allowance not required for this establishment as it is grand-fathered. This could be a large savings for a new purchaser.
Landlord is looking for a family-oriented concept offering 3 meals a day. A breakast offering is particularly important. This is a beautiful restaurant that offers a new operator an opportunity to get a foothold in the exclusive Bow Valley market!
Sales: Gross sales: $1.4M for 2019 (pre-Covid)
Size in sq. ft. 3,254 sq. ft. in the restaurant.
There is a banquet room, just off the restaurant, which is 1,364 sq.ft. The current restaurant operators have use of this space from May to October each year. It can be used on additional days with the Landlord’s permission.
There is also additional square footage in the basement, at no charge, for storage and refrigeration.
No. of Seats: 106
Number of parking stalls: 20 stalls; first-come, first-served
Financing: Treat as clear title
Style of cuisine: European
Customer Demographics: Wide range of ages; business people; locals; tourists
Type of service: Table
Hours of operation:
Dinner service 5:30 – 10 pm
Dinner 7 days a week
Number of employees: 20 – mixed full-time and part-time
Leasing information:
Rate per sq. ft. Gross monthly rent approx. $11,000 which includes rent, CAM and GST. Annual rent $131,888.
C.A.M. Included in above monthly amount
Lease Term: 4 years left Option periods: To be confirmed
Deposit held by Lessor: Nil
