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919 – Popular Restaurant – $169,900

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This is a lovely, historic, free-standing building on the main street in one of the fastest growing towns in Alberta. The restaurant has an excellent reputation among locals and visitors alike. Upstairs can be booked for private functions. Possible option to buy the building! Ideal for a family business or partnership.

Sales: Gross sales: $360,000 per year

Size in sq. ft. 1,684 sq. ft. approx. on two levels

Seats: Dining room 35; Upstairs 20; Patio 24

Number of parking stalls: 13 in back; on-street out front

Financing: Treat as clear title

Style of cuisine: Casual dining; featuring seafood, chicken, salads

Customer Demographics: Wide range of ages; business people; families; locals; tourists

Type of service: Table

Hours of operation:
Lunch and dinner Tuesday to Friday 11:30 am – 2 pm then 4:30 – 8 pm

Open all day Saturday from 11:30 am – 8 pm

Sunday – dinner only from 4:30 pm – 8 pm

Number of employees: 6 (1 full-time and 5 part-time) plus 2 owners

Leasing information:

Rate per sq. ft. $2,400 base monthly or $3,100 gross
C.A.M. Included in above monthly amount
Lease Term: 1.5 years left             Option periods: One 5-year option (TBV)
Deposit held by Lessor: $2,000


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