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Established Bistro And Bar Downtown Calgary For Sale

Calgary, Alberta, Canada
Asking Price:
$250,000 (CAD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This 60-seat restaurant & Bar that has been built-out with $500,000 in leasehold improvements, furniture, and fixtures.

This is a chance to re-brand and make this restaurant your own without starting completely from scratch. The current owner has other restaurants and simply does not have the time.

The location is excellent, pedestrian friendly and surrounded by apartments in the heart of the City. Currently the restaurant is focused on brunch, lunch and dinner. The bar features craft beer, cocktails and martinis.

The facility and equipment are in excellent condition. The lease term has 7 years left, and another 10 years with options. Base rent is $5,000 per month + operating.

The ideal buyer for this business is someone who is looking for a beautiful spot at a price far below cost. Bring your branding and know-how to take advantage of this unique opportunity.

Contact Sahdev Sharma for more information.

Property Information

Real Estate:

Lease

Lease Terms:

Base rent is $60,000 per year. Plus operating costs.

Lease term: Term nearly 7.5 years left and another 10 years with options

Leasehold Rent:

$60,000 (CAD) per annum

Location:

Pedestrian friendly, surrounded by apartments.

Premises Details:

Seats: Capacity of 60, Full Liquor License. 1875sf

Business Operation

Reasons for selling:

Owner has other projects

Years established:
3

Other Information

Furniture / Fixtures value:
$520,000 (CAD) - included in the asking price