Chris Doehner | 1039 – Well-located Beltline Restaurant – OFF MARKET

 

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1039 – Well-located Beltline Restaurant – OFF MARKET

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1039 – Well-located Beltline Restaurant – OFF MARKET

This is a well-located franchise restaurant just off 17th Avenue SW. Three years ago it was totally renovated both inside and out at a cost of $1.3M. Shows extremely well. Owners only work part-time so a new owner who is hands-on will make a very good income. Lots of dedicated parking in the rear. NOTE: The restaurant can be changed if a new owner wants to bring their own concept!

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

Business information:

Gross Sales: $1,200,000 for 2019
Size in sq. ft.: 3,900 sq. ft.
Number of Seats: 90 plus 26 on patio
Number of Parking Stalls: 25 dedicated stalls in the back
Style of cuisine: Casual dining featuring Italian cuisine – concept can be changed by new owner
Customer Demographics: Wide range of ages; business people; locals in surrounding apt. and condos
Type of service: Table
Hours of operation:
11 am – 10 pm Monday – Friday
10 am – 10 pm Saturday and Sunday
Number of employees:  16 – with 10 full-time and 6 part-time

Leasing information:

Rate per sq. ft.$11,400 per month for rent, CAM and GST.
C.A.M.: Included in above monthly amount
Lease Term: 7 years left
Option Periods:  One 10-year option
Deposit held by Lessor: 1 month
Financing: Treat as clear title

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