# 2015 Restaurant in Calgary’s Restaurant Row
$ 549,000
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This restaurant is a free-standing building with underground parking. There’s an elevator which goes from the parkade to both the main and second floor. The concept can be changed to anything a new owner wishes. An ideal, flexible facility in the heart of one of the hottest hospitality areas in Calgary!
Sales: Gross sales: $1.8M per year
Size in sq. ft. 6,000 sq. ft. on two levels; 3,000 sq. ft. on each floor (plus patios)
No. of Seats: 120 dining and 45 patio (main floor); 45 dining and 45 patio (second floor)
Number of parking stalls: 16 Underground parking; parking at the rear; plus on-street
Financing: Treat as clear title
Style of cuisine: Upscale dining featuring steaks and seafood; concept can be changed to a new owner’s choice
Customer Demographics: Wide range of ages; business people; locals; shoppers in area
Type of service: Table
Hours of operation:
11:30 am – 9:30 pm; seven days a week
Number of employees: 24 – with 10 full-time and 14 part-time
LEASING INFORMATION:
Lease rate: $40 base per sq. ft. Gross monthly rent approx. $22,000 including taxes
C.A.M. $2,000 per month
Lease Term: Goes to 2032 Option periods: One 5-year option
Deposit held by Lessor: 1 month