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901 – Profitable Banff Restaurant – REDUCED TO $429,000

rickys-breakfast
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This is a very attractive restaurant on Banff Avenue. Very profitable with lots of built-in business. Lots of business from tour groups. The concept can be kept the same or changed to whatever a new owner wishes. Great opportunity to own a business in Banff!

Note: If a purchaser is interested in buying the shares of the company which owns the restaurant, the asking price is reduced to $395,000.

Sales: Gross sales: $1.2M per year

Size in sq. ft. 3,216 sq. ft.

No. of Seats: 110

Number of parking stalls: 10 stalls plus first-come, first-served basis on-street

Financing: Treat as clear title

Style of cuisine: Casual dining; western cuisine

Customer Demographics: Wide range of ages; visitors and residents in Banff

Type of service: Table

Hours of operation:
7am – 11 am for breakfast; 5 pm – 10 pm for dinner

7 days a week

Number of employees: 18 to 25 depending on season; mixed full-time and part-time

Leasing information:

Rate per sq. ft. $22.53 per sq. ft.; monthly rent approx. $6,038
C.A.M. Included in above monthly amount
Lease Term: Goes to February 2020            Option periods: One 5-year option
Deposit held by Lessor: $9,000


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