1026 - NW Pub - OFF MARKET
This is a very popular and profitable pub in the coveted NW quadrant of Calgary. The restaurant had a complete, major renovation recently. It is in a high exposure location with a large outdoor patio. The demographics of the area are high-income neighbourhoods. It’s well-established with a great reputation!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross sales: $1.9M for year-end May 31, 2019
Size in sq. ft.: 4,700 – 4,800 sq. ft. on main; plus patio
No. of Seats: 176 seats plus 56 seats on the patio
Number of Parking Stalls: Lots of parking in the shopping centre lot
Style of cuisine: Pub food; full menu; casual dining
Customer Demographics: Wide range of ages; business people; locals; lots of regulars; younger couples
Type of service: Table
Hours of Operation:
Sunday to Wednesday 11 am – 11 pm
Thursday, Friday and Saturday 11 am – 2 am
Number of Employees: 30 – with 20 full-time and 10 part-time
Rate per sq. ft.: $24,000 per month for rent, CAM and GST.
C.A.M.: Included in the above monthly amount
Lease Term: 5 years left
Option Periods: Two 5-year options
Deposit held by Lessor: To be verified
Financing: Treat as clear title