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1063 – Well-Known Diner $149,900

This diner is an icon in Calgary. It has always rated in the top 3 in the City. Once Covid is over, this diner will be overflowing with business once again. A new lease will be negotiated with the Landlord who has appreciated having this restaurant as a Tenant for a long time.

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

Business information:

Gross Sales: Prior to covid, sales for 2019 were $2.3M
Size in sq. ft.: 4,500 sq. ft.
Number of Seats: 176
Number of Parking Stalls: Lots of parking
Style of cuisine: Full diner menu; all day breakfast
Customer Demographics: Lots of regulars
Type of service: Table
Hours of operation: A new owner can decide the hours of operation
Number of employees: 40 – mixed full-time and part-time

Leasing information:

Rate per sq. ft.: $14,000 per month plus utilities
C.A.M.: Included in above monthly amount
Lease Term: Expires in July 2021. Will be re-negotiated with Landlord.
Option Periods: Yes
Deposit held by Lessor: To be verified
Financing: Treat as clear title

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