Located in the downtown of Canmore, this established restaurant location presents an opportunity to acquire a respected and well-positioned hospitality business in one of Alberta's busiest tourism markets. The restaurant benefits from strong year-round demand, an experienced team, a thoughtfully designed dining room, and a long-term lease in a highly visible location.
The business has built a loyal customer base among both visitors and residents and is supported by established operating systems, a recognizable brand, and a proven track record of revenue generation. Whether maintained in its current form or evolved under new ownership, the foundation is in place for continued success.
This is a rare opportunity to step into an operating restaurant with existing momentum in a market where quality locations and established businesses seldom become available.
- Asking Price:
- $500K - $1M (CAD) Furniture / Fixtures included
- Sales Revenue:
- $1,100,000 (CAD)
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
9 years left, $30 096 triple net charges
- Leasehold Rent:
-
$56,400 (CAD) per annum
- Location:
-
Located in downtown Canmore, Alberta, one of Canada's premier mountain tourism destinations. The business benefits from year-round visitor traffic driven by tourism, outdoor recreation, and a growing local population. Situated within walking distance of hotels, shops, and major visitor attractions, the location serves both residents and tourists throughout the year.
- Premises Details:
-
Beautifully maintained leasehold restaurant premises with a fully equipped commercial kitchen, bar, dining room, and private dining space. The restaurant currently seats approximately 38 guests between the main dining room and upper-level private dining area. The space has undergone significant investment in equipment, furnishings, and atmosphere and is fully operational with no major capital expenditures anticipated. Long-term lease in place.
- Size in square feet:
- 1,600
- Planning Consent:
-
Existing restaurant premises currently operating under approved commercial restaurant use. Purchaser to conduct their own due diligence regarding future uses or modifications.
Business Operation
- Expansion Potential:
-
Significant opportunities exist to increase revenue through expanded operating hours, private events, corporate functions, group bookings, retail products, educational experiences, catering, and strategic partnerships. Additional opportunities may exist to further develop the brand through licensing, packaged products, consulting, or additional locations. Current demand regularly extends beyond available seating capacity during peak periods.
- Competition / Market:
-
Canmore is home to a diverse and active dining scene that continues to benefit from strong tourism growth and an affluent customer base. The business has established a strong market presence and loyal customer following while operating alongside a variety of local and national hospitality concepts. Continued growth in tourism and population supports ongoing demand for quality dining experiences.
- Reasons for selling:
-
Owner pursuing other business opportunities and seeking to transition the restaurant to new ownership.
- Trading hours:
-
5pm-10pm 7 days per week
- Employees:
- 17
- Years established:
- 6
Other Information
- Support & training:
-
Comprehensive transition support, operational training, supplier introductions, and knowledge transfer are available by mutual agreement.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Available to qualified buyers.
- Furniture / Fixtures value:
- $365,000 (CAD) - included in the asking price
