Chris Doehner | 1030 - Long Established Restaurant & Lounge - OFF MARKET

 

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1030 - Long Established Restaurant & Lounge - OFF MARKET

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1030 - Long Established Restaurant & Lounge - OFF MARKET

This is a long and well-established restaurant and lounge in a popular community in Calgary. The area serves approx. 30,000 people when considering Lakeview, surrounding communities, students and high traffic arteries in the area. This is the only hospitality facility of its type in the neighborhood. As a result, the roots are very deep and they have many regular and loyal clientele. Has lots of parking and comes with 8 VLTs. Ready for the energy and marketing ideas of a new owner. It’s the first time offered for sale! Don’t miss it!

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

Business Information

Gross sales: $1.7M per year including VLT income
Size in sq. ft.: 3,600 sq. ft.
No. of Seats: 160 in total (55% in bar and 45% in restaurant)
Number of Parking Stalls: Lots of parking
Style of cuisine: Casual dining; featuring pizza, pasta and steaks
Customer Demographics: Wide range of ages; locals; lots of regulars from surrounding neighborhoods
Type of service: Table
Hours of Operation:
Monday to Thursday 11 am – midnight
Friday & Saturday 11 am – 1 am
Sundays 6 pm – 10 pm
Number of Employees: 20 – mixed full-time and part-time

Leasing information:

Rate per sq. ft.:  $14,337 per month for rent, CAM and GST.
C.A.M.: Included in above monthly amount
Lease Term: 4.5 years left
Option Periods: One 5-year option
Deposit held by Lessor: To be verifed
Financing: Treat as clear title

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