The owners of this franchise restaurant and bar in Central Alberta are ready to sell and have reduced their asking price by $100,000. Located in a high-volume retail complex on a major roadway, sales for 2022 reached $1,285,000 +/- and are on trending even higher for 2023! This location offers several benefits to a new owner including a fully trained manager and staff in place, a long-term lease taking you to 2045 with the options to renew, and the support of a well established franchise system. This is the perfect opportunity for a motivated and hands-on new owner to come in and grow the business even further. Don’t hesitate on this opportunity, contact Team Hansen for more details!
- Asking Price:
- $650,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $1,285,000 (CAD)
- Cash Flow:
- $50K - $100K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Options to Renew: Four Options to Renew of 5 Years Each Option
Base Rent: Current: $35.50/Square Foot. $9,937.04/Month. $119,244.48/Year (+ GST)
Additional Rent: Estimated: $9.00/Square Foot. $2,726.25/Month. $32,715/Year (+ GST)
Total Rent: $12,663.29/Month. $151,959.50/Year (+ GST)
Current Lease Term: 10 Years. March 2015 to April 2025
Lease Life: Extends to April 2045 Including the Options to Renew
- Leasehold Rent:
-
$119,244 (CAD) per annum
- Location:
-
In a busy retail shopping complex
- Size in square feet:
- 3,300
Business Operation
- Reasons for selling:
-
Contact Team Hansen for Details
- Trading hours:
-
Sunday - Tuesday: 11:30 AM to 8:00 PM
Wednesday - Thursday: 11:30 AM to 9:00 PM
Friday & Saturday: 11:30 AM to 10:30 PM
- Employees:
- 12: 7 Full Time, 4 Part Time. 1 Owner works in store 60 hours/week
- Years established:
- 8
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
Franchisor Training
- Financing available:
-
Contact Team Hansen for Details
- Furniture / Fixtures value:
- $22,500 (CAD) - included in the asking price
- Inventory / Stock value:
- $10,000 (CAD)
