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888 – Popular & Profitable NW Pub – PRICE REDUCED TO $795,000

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 This is a very popular and profitable pub in the coveted NW quadrant of Calgary. The restaurant had a complete, major renovation in 2013 so it shows very well. It is in a high exposure location with a large outdoor patio. Many regulars. Don’t miss this great opportunity to own one of the most popular pubs in the NW.

Sales: Gross sales: For year ended May 31, 2016 – $2M

Size in sq. ft. 4,799 sq. ft.

No. of Seats: 176 seats plus 56 on large patio

Number of parking stalls: First-come, first-served basis in shopping center lot

Financing: Treat as clear title

Style of cuisine: Full menu; pub food and snacks

Customer Demographics: Business people and shoppers; locals; lots of regulars

Type of service: Table

Hours of operation:
Monday & Tuesday 11 am – 10 pm

Wednesday & Thursday 11 am – midnight

Friday & Saturday 11 am – 2 am

Sunday 11 am – 10 pm

Number of employees: 32 – mixed full-time and part-time

Leasing information:

Rate per sq. ft.

Years 1 – 2 – $36 per sq. ft.

Years 3 – 5 – $38 per sq. ft.

Years 6 – 8 – $40 per sq. ft.

Years 9 – 10 – $42 per sq. ft.
C.A.M. 2016 – $14 per sq. ft.
Lease Term: 10 year lease commenced October 6, 2013. Expires October 5, 2023.

Option periods: Two 5-year options
Deposit held by Lessor: $17,039.33 to be applied to September 2018 rent


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