1025 - Popular Indian Restaurant - $149,900
This is a popular Indian restaurant in a city with 60,000 people, commuting distance from Calgary. In addition to the restaurant sit-down service, they offer catering and take-out and delivery service. It has been established for 8 years. Great décor and well-maintained kitchen. Continue building the business on the base established by the original owners!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross sales: $40,000 – $50,000 per month
Size in sq. ft.: 3,200 sq. ft.
No. of Seats: 80 actual; licensed for 140
Number of Parking Stalls: Lots of parking in shopping center lot
Style of cuisine: Casual dining; East Indian cuisine
Customer Demographics: Wide range of ages; business people; locals; higher income
Type of service: Table
Hours of Operation:
11:30 am – 9 pm on Monday, Tuesday, Wednesday & Thursday
11:30 am – 10 pm on Friday and Saturday
11:30 am – 9 pm on Sundays
Number of Employees: 7 – with 1 full-time and 6 part-time
Rate per sq. ft.: $24 per sq. ft. or $9,600 per month for rent, CAM and GST.
C.A.M.: Included in the above monthly amount
Lease Term: 1 year left
Option Periods: One 5-year option
Deposit held by Lessor: 1 month
Financing: Treat as clear title