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One Of A Kind 1950's Diner Business In Black Diamond For Sale

Black Diamond, Alberta, Canada
Asking Price:
$130,000 (CAD)
Sales Revenue:
$470,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

This diner has been here for 22 years. It has become a destination place for years and has a great summer business.
Owner has not gone after the evening trade during the winter months and there is a big demand in town for a family style restaurant with a little more diverse menu. This business comes with 400k plus in sales and with an evening trade that could almost double. Currant owner and founder has been here for 22 years on a year to year lease however with a change in status for the landlord I am sure a long term could be negotiated. Current lease is up the end of September. Owner wishes to retire. Comes with a complete kitchen, 2 deep fryers, a flat top grill, sandwich table, one counter top and one mobile food warmers and all the pots, pans and whatever.

There is an old fashioned soda fountain with ice cream freezers. coolers and a 1950's juke box C/W 9 remote, working wall boxes, 7 X 4 seat booths, 3X2 seat booths, and an 8 seat counter. Is currently licensed as well with 16 seat deck. There is a retail section for candy as well as glass soda bottles with contact to 70 or more varieties of soda pop. There is a link available to a YouTube video with more information upon request.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Lease expires on September 30th 2022. Owner has been on 1 year terms for 22 years but sure to landlord is open to long term.

Leasehold Rent:

$27,600 (CAD) per annum

Location:

Located on busy highway on main street in Black Diamond. a community of approximately 3,000. Another 3,000 located in near by Turner Valley. Located on highway, a main artery to the US has exposure to thousands of vehicles every day and the gateway to the Kananaskis.

Premises Details:

Building is vintage 1934 and is converted movie theatre. It is stand alone and restored to original boomtown front. Restored in 1999. This has the feel of the 1930`s to 50`s and is very authentic.

Size in square feet:
2,400

Business Operation

Expansion Potential:

Owner has never ventured into the evening trade. There is a need for evening dining with a slightly extended menu. There is another possibility for a breakfast cafe in town.

Competition / Market:

As this is a tourist destination there is not much other competition. There is one other ice cream shop located 1é2 block east on same street There is no other candy store in town. Other restaurants are A&W, Dairy Queen, one Asian, a bistro and several pizza places and another burger place in town. Most of the traffic that comes here doesn`t come all this way to go to A&W so has not been to detrimental to business.

Reasons for selling:

Owner is 76 and having some health problems.

Trading hours:

11 AM to 5 PM currently. Summer 11 AM to 9 PM

Employees:
2 full time and 2 part time with 6 or so seasonal.
Years established:
This was open July 1st 2,000

Other Information

Support & training:

Owner is flexible to stay and train new owners however a knowledge of food service is highly recommended. Owner should be prepared to work the kitchen as kitchen staff is hard to find. There are 2 permanent employees that would be long term one in the kitchen and one in the service area.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner would look at all options.

Furniture / Fixtures value:
$130,000 (CAD)
Inventory / Stock value:
$4,500 (CAD)
Website:
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