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960 – Established Family 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: $330,000 per year

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

No. of Seats: Dining room 35; Upstairs 20; Patio 24

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

Financing: Treat as clear title

Style of cuisine: Casual dining; featuring fish & chips and seafood

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

Type of service: Table

Hours of operation:

11:30 am – 2 pm for lunch and 4:30 pm – 8 pm for dinner Tuesday to Friday;
Open all day on Saturday 11:30 am – 8 pm
Sunday 4:30 pm – 8 pm

Number of employees: 6 – with 1 full-time and 5 part-time plus 2 owners

Leasing information:

Rate per sq. ft. Base monthly rent approx. $2,400 or $3,100 per month gross which includes rent, CAM and GST.
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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