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1114 – Restaurant & Living Quarters Above – $1,499,000

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This is a unique opportunity to purchase a restaurant with living quarters above – the land, free-standing building and business all in one package! The present concept of the restaurant is Italian but could be changed to anything a new owner wishes. It comes with a fully equipped restaurant and patio. The living space comes with built-in double garage; two bedrooms; spacious living room; open kitchen and full bathroom. Located within a short commuting distance from Calgary. The town is continually “on-the-grow” and there’s a huge demand for an ethnic restaurant such as Korean, Japanese, Vietnamese, East Indian etc. Bring your concept and your family and live above the store!

Sales: Gross sales: $250,000 per year

Size in sq. ft. 3,106 sq. ft. on two levels; restaurant and living quarters upstairs

No. of Seats: 65 in restaurant and 14 on patio

Number of parking stalls: Lots of parking in front of the restaurant

Financing: Treat as clear title

Style of cuisine: Casual dining; Italian cuisine

Customer Demographics: Residents and business people in town; visitors

Type of service: Table

Hours of operation:
Tuesday to Saturday 11:30 am – 2 pm for lunch

Tuesday to Sunday 5 pm – close for dinner; closed on Mondays

Number of employees: 1- 3 depending on the day

Leasing information:

There is no lease as the property (land and building are owned)

Property Taxes:  $4,500 for 2021


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