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997 – Gon Hoo Cafe, Crossfield, AB – $88,000

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This is a fully equipped restaurant located just outside Calgary. It was recently TOTALLY renovated! Located across from an arena and community center which are used for many events. Great reviews on Facebook, both for the quality of the food and the friendliness of the staff. Concept and/or menu can be changed to a new owner’s choice. Selling due to a health concern in the ownership group.

Sales: Gross sales: $130,000 per year

Size in sq. ft. 2,000 sq. ft.

No. of Seats: 60

Number of parking stalls: Lots of parking

Financing: Treat as clear title

Style of cuisine: Casual dining featuring both Western and Asian food

Customer Demographics: Wide range of ages; locals; lots of regulars; farmers and ranchers in area

Type of service: Counter

Hours of operation:
A new owner can choose hours

Number of employees: As required

Leasing information:

Rate per sq. ft. $7 per sq. ft. for first 3 years and $8 per sq. ft. for last 2 years
C.A.M. $3 per sq. ft.
Lease Term: New 5-year lease             Option periods: One 5-year option
Deposit held by Lessor: 2 months


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