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1023 - Gorgeous New Restaurant – $499,000

This is a delightful, newly-built restaurant which shows quality throughout. Clients include residents of surrounding upscale neighbourhoods who have called it a “neighbourhood gem”. Voted one of Calgary’s Best 25 Restaurants in 2018 in addition to other numerous awards.

This opportunity will not last long – contact Chris to arrange a showing ASAP!

Business Information

Gross sales: $2.3M – $2.4M per year
Size in sq. ft.: 3,950 sq. ft. plus roof-top patio
No. of Seats: 105 plus 45 on the patio
Number of Parking Stalls: 3 dedicated plus on-street
Style of cuisine: Upscale, modern Canadian cuisine
Customer Demographics: Business people; locals from surrounding upscale neighbourhoods
Type of service: Table
Hours of Operation: 
Tuesday, Wednesday, Thursday 11 am – late
Weekends 10:30 am-midnight; Closed on Mondays
Number of Employees: To be confirmed

Leasing information:

Rate per sq. ft.: Monthly rent approx. $22,000 which includes rent, CAM and GST.
C.A.M.: Included in the above monthly amount
Lease Term: 5 years commenced August 2017
Option Periods: One 5-year option
Deposit held by Lessor: $37,500
Financing: Treat as clear title

Please contact Chris for any questions or to set up a showing.