Chris Doehner | 974 - Profitable Downtown Restaurant - OFF MARKET

 

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974 - Profitable Downtown Restaurant - OFF MARKET

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974 - Profitable Downtown Restaurant - OFF MARKET

This is one of the most popular downtown facilities in Calgary. Caters to all the office towers and does a very busy and profitable lunch and Happy Hour trade, in particular. Presently food and liquor sales each contribute 50% of sales. Very strong sales with a large bottom line! First time offered for sale!

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

Business Information

Gross sales: $2.4 - $2.6M per year
Size in sq. ft.: 7,631 sq. ft. with 3,631 up and 4,000 down
No. of Seats: 200
Number of Parking Stalls: No dedicated parking; on-street available
Style of cuisine: Global street food
Customer Demographics: Locals; corporations; lounge service in the evening
Type of service: Table
Hours of operation: 
Monday – Wednesday: 11 am – 9 pm
Thursday – Friday: 11 am – midnight
Saturday: 4 pm – midnight;
Closed on Sundays
Number of employees: 40 – 50 with 60% full-time and 40% part-time

Leasing information:

Rate per sq. ft.:  $33 upstairs and $16 downstairs
C.A.M.: $10 - $15
Lease Term:  2015 - 2025
Option Periods: Two 5-year options
Deposit held by Lessor: 1 Month
Financing: Treat as clear title 

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