1047 - Fantastic Neighbourhood Pub in South Calgary – $195,000
This is a fabulous neighbourhood pub with high-end fixturing throughout. Great demographics in surrounding neighbourhoods. Has a full kitchen; Cheers type bar; great stage and sound system; male and female washrooms; patio and 4 VLTs with one more promised!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross Sales: $940,000 for 2019
Size in sq. ft.: 5,126 sq. ft.
Number of Seats: 170 seats plus 24 on patio
Number of Parking Stalls: First-come, first-served basis; lots of parking
Style of cuisine: Full menu; pub fare; casual dining
Customer Demographics: Locals from surrounding residential neighbourhoods; business people; lots of regulars
Type of service: Table
Hours of operation: 11 am – close; 7 days a week
Number of employees: 12 – 14 mixed full-time and part-time
Rate per sq. ft.: Approx. $21 per sq. ft. base rate OR S$16,700 per month which includes rent, CAM and GST.
C.A.M.: Approximately $16.70 per sq. ft. included in above amount
Lease Term: 5 year term went to January 31, 2019
First 5-year option is $21 per sq. ft. net
Second 5-year option at fair market value
Option Periods: Two 5-year options as described
Deposit held by Lessor: $12,782 – to be verified
Financing: Treat as clear title