1125 – Upscale Restaurant in Great Area – $749,000
This is a one-of-a-kind iconic restaurant located in an upscale neighborhood in south Calgary. Renovations of $1.5M were spent when it first opened and it’s stunning! The name, concept and recipes are not included in the sale. Bring your own concept or franchise. Great opportunity to be part of a hospitality hot spot!!
Sales: Gross sales: Approx. $ 175,000 per month
Size in sq. ft. 3,566 sq. ft.
No. of Seats: 125 plus 45 on patio
Number of parking stalls: First-come, first-served basis in shopping center lot
Financing: Treat as clear title
Style of cuisine: Casual fine-dining
Customer Demographics: Business people; locals from surrounding upscale neighborhoods
Type of service: Table
Hours of operation:
Monday to Friday 11 am – 12 am
Saturdays 10 am – 12 am; Sundays 10 am – 11 pm
Number of employees: 25 – with 9 full-time and 16 part-time
Leasing information:
Rate per month: $14,549 per month for rent and CAM (including property taxes), plus GST.
C.A.M. Included in above monthly amount
Lease Term: 3 years left Option periods: Two 5-year options
Deposit held by Lessor: $18,000
