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958 – Signature Pub – PRICE REDUCED TO $699,000

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This gastro pub is located in the heart of one of Calgary’s trendiest neighborhoods! This pub has one of the best and largest roof top patios in the City. Lots of new condos and apartments being built in the area. Population density will be increase dramatically. Very active BRZ with infrastructure plans to make the area even more spectacular in the next few years.

Sales: Gross sales: $900,000 for 6 months; ($1.8 projected for the year)

Size in sq. ft. 4,513 sq. ft. on main; plus 1,814 sq. ft. downstairs; plus very large roof top patio

No. of Seats: 190 seats plus 16 on street-side patio & 124 on roof top patio

Number of parking stalls: 3 dedicated stalls; plus first-come, first-served basis on-street

Financing: Treat as clear title

Style of cuisine: Casual dining

Customer Demographics: Visitors to trendy shopping area; business people; locals; lots of regulars

Type of service: Table

Hours of operation:
11 am – 1 am; 7 days a week

Number of employees: Approx. 15 now with 30 in the summer – mixed full-time and part-time. 5 – 6 in kitchen and 8 in front of house.

leasing information:

Rate per sq. ft.

Years 1 –   5 is   $215,000 per year

 Years 6 – 10 is   $230,000 per year

 Years 11 – 15 is $240,000 per year

  Years 15 – 20 is $260,000 per year

C.A.M. costs paid directly – not through Landlord
Lease Term: 20 years from August 22, 2014

Option periods: One 5-year option at market rate but not less than $270,000/year
Deposit held by Lessor: –  0 –


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