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974 Profitable Downtown Restaurant – PRICE REDUCED TO $698,000


      This is one of the most popular downtown facilities in Calgary. Caters to all the office towers and does a very busy and profitable lunch and Happy Hour trade, in particular. Presently food and liquor sales each contribute 50% of sales. Very strong sales with a large bottom line! First time offered for sale!

Sales: Gross sales: $2.4 – $2.6M per year

Size in sq. ft. 7,631 sq. ft. with 3,631 sq. ft. up and 4,000 sq. ft. down

No. of Seats: 200

Number of parking stalls: No dedicated parking but on-street available

Financing: Treat as clear title

Style of cuisine: Casual dining

Customer Demographics: Locals; business people; lounge service in evenings

Type of service: Table

Hours of operation:

Monday – Wednesday 11 am – 9 pm

Thursday – Friday 11 am – midnight

Saturday 4 pm – midnight; closed on Sundays

Number of employees: 40 – 50 – with 60% full-time and 40% part-time

Leasing information:

Rate per sq. ft. $33 per sq. ft. upstairs and $16 downstairs.
C.A.M. $10 – $15
Lease Term: 2015 –  2025             Option periods: Two 5-year options
Deposit held by Lessor: 1 month

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