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Established Italian Full Service Franchise Restaurant In Calgary For Sale

Calgary, Alberta, Canada
Asking Price:
$495,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$460,000 (CAD)
Cash Flow:
$29,000 (CAD)

Here is a fantastic opportunity in the striving city of Calgary, Alberta! This full-service restaurant franchise is sure to impress with the calendar year sales of 2018 clocking in at an outstanding $1,274,000. What’s better yet, is this business is priced to sell at the unbeatable asking price of $499,000! This location is turnkey! The owner currently works in the restaurant but has staff and management in place to take over upon his departure. The owner is only selling due to personal life changes and circumstances; his loss is your gain. You do not want to miss out on this wonderful business venture! The lease is long and secured with two further 5-year options to renew. In consideration of the options to renew, this lease will extend into 2036. Your investment is secured long term! This restaurant was recently built. Thus, you do not have to worry about a renovation for many years to come, approximately 6 years. Run your store worry free and focus on your business! Expected liquid cash injection to the Buyer would be approximately $166,000 pending financing arrangements. Please contact Team Hansen for further details pending your signed non-disclosure agreement being on file with us. Don’t wait as you do not want to miss this excellent opportunity! Contact Team Hansen now!

Property Information

Real Estate:

Lease

Lease Terms:

Options to Renew: Two 5 Year Option to Renew
Base Rent: Current: $40/Square Foot. $8,666.66/Month. $104,000/Year (+ GST)
Additional Rent: Estimated: $11.77/Square Foot. $2,550.86/Month. $30,610.32/Year (Nov 2019) (+ GST)
Total Rent: $11,217.52/Month. $134,610.32/Year (+ GST)
Current Lease Term: 10 Years. Jan 9, 2016 to Jan 8, 2026
Lease Life: Extends to 2036 Including the Options to Renew.

Leasehold Rent:

$104,000 (CAD) per annum

Location:

In North East Calgary

Premises Details:

2600 +/- square feet

Business Operation

Reasons for selling:

Seller Is Downsizing Portfolio

Trading hours:

Mon: 11-9
Tues to Fri: 11-10.
Sat: 10-10.
Sun: 10-9.

Employees:
5 Full Time/5 Part Time
Years established:
2018

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Contact Team Hansen For Details

Other Information

Support & training:

Contact Team Hansen For Details

Furniture / Fixtures value:
$771,000 (CAD) - included in the asking price
Inventory / Stock value:
$12,500 (CAD)

Contact Information

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