1055 - Great Pub in South Calgary – ONLY $229,000
This is a newly re-branded pub which is continuing the success of a major brand restaurant previously in the space. The location provides very high traffic and exposure by the door as it fronts on to Macleod Trail. Well-priced and a low lease rate for the area! The facility is fully-equipped and in great shape – ready for a new operator!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross Sales: $1.2M projected for the year
Size in sq. ft.: 4,617 sq. ft.
Number of Seats: 200 plus 70 on patio
Number of Parking Stalls: Lots of parking in shopping center lot
Style of cuisine: Pub food; snacks; casual dining
Customer Demographics: Residents from surrounding neighbourhoods; hotel guests; lots of regulars
Type of service: Table
Hours of operation: 11 am – 2 am
Number of employees: 20 – mixed full-time and part-time
Stepped rate at $25 for years 1 & 2; $26 for years 3 & 4;
$27 for years 5 & 6; $28 for years 7 & 8; $29 for years 9 & 10.
Monthly gross rent is $17,274 per month.
C.A.M.: $7.29 per sq. ft. for op costs and $9.31 per sq. ft. for taxes
Lease Term: New 10-year lease
Option Periods: Two 5-year options
Deposit held by Lessor: 1 Month
Financing: Treat as clear title