1124 – Profitable Coffee Shop – $299,000
Very attractive free standing building in downtown Okotoks! The lot has 50 foot frontage on a main street with 10,000 cars per day by the front door! Many regular customers. Business has a great reputation and has been in operation since 2010. They offer daily fresh baking! Premises are clean and well cared for. Did I mention the business is VERY profitable, with room for growth! Full basement used for storage, office space, prep and some equipment.
Sales: Gross sales: $530,000 for 2022; and $430,000 for 2021
Size in sq. ft. 946 sq. ft. on main; plus 946 sq. ft. downstairs
No. of Seats: 24 inside and 48 on patio
Number of parking stalls: 4 in the back plus on-street
Financing: Treat as clear title
Style of cuisine: Coffee and beverages; sandwiches, baked goods; healthy options
Customer Demographics: Locals; lots of regular customers; lots of European tourists; walkers passing by
Type of service: Counter
Hours of operation:
7 days a week – open for 8 hours; 2 hours baking early in the morning
Number of employees: 7 employees – all 20+ hours per week
Leasing information:
Rate per month $3,500
C.A.M. $1,100 +/- per month
Lease Term: New 3-year term Option periods: One 5-year option
Deposit held by Lessor: 2 months
