Step in to ownership of this well established and popular family restaurant in Central Alberta! In business since 1996, this eatery offers high quality food as well as live entertainment to its loyal customer base. Sales reached over $400K in 2021 and are currently trending higher in 2022 now that there are no longer restrictions in place. There is plenty of opportunity here for a new on-site owner-operator to grow the sales even further with some creative marketing and advertising or by increasing the hours of business. With an attractive long term lease in place and the benefit of being located on a very busy thoroughfare of a mid-sized city, this could be the perfect opportunity for an entrepreneur looking to start their own business. Contact Team Hansen today for all of the information on this excellent opportunity!
- Asking Price:
- $199,900 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $305,000 (CAD)
- Cash Flow:
- Under $50K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Current 5 year lease term expires September 30, 2024
Three options to renew of 5 years each option
Lease extends to September 2039 including options to renew
- Leasehold Rent:
-
$70,320 (CAD) per annum
- Location:
-
Off a busy thoroughfare
- Premises Details:
-
2400 square feet
- Size in square feet:
- 2,400
Business Operation
- Competition / Market:
-
Limited competition in the area
- Reasons for selling:
-
Contact Team Hansen For Details
- Trading hours:
-
Closed Monday
Tuesday - Thursday: 3 PM - 9 PM
Friday - Saturday: 3 PM - 10 PM
Sunday: 3 PM - 9 PM
- Employees:
- 6
- Years established:
- 25
Franchise Information
- Franchise opportunity:
-
Yes
Other Information
- Support & training:
-
Seller will train buyer to buyer's satisfaction
- Financing available:
-
Contact Team Hansen For Details
- Furniture / Fixtures value:
- $100,000 (CAD) - included in the asking price
- Inventory / Stock value:
- $15,000 (CAD)
