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$ 448,000
Est. payment | /mo
1,800 SqFt
$ 448,000
Est. payment | /mo
1,800 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $248
MLS Listing ID A2330856
Year Built 1989
Property Sub-Type Business
Property Description
Exceptional Turnkey Restaurant Opportunity – Established Family Business Since 1989
Rare opportunity to acquire a well-established,family-owned restaurant that has successfully operated from the same prime location for over 37 years. This long-standing business has earned an outstanding reputation within the community for its quality food,exceptional service,and loyal repeat clientele.
Specializing in pizza,steaks,and a diverse menu,the restaurant is fully operational and ready for a seamless ownership transition. The premises offer approximately 2,000 sq. ft. of well-designed dining and kitchen space with 62 indoor seats,creating a warm and inviting atmosphere for customers.
The business has demonstrated a strong operating history,with average annual gross sales of approximately $700,000 and an estimated Seller's Discretionary Earnings (or net income,as applicable) in the range of $140,000–$150,000.
One of the property's most attractive features is its affordable lease of approximately $7,000 per month,offering excellent occupancy costs relative to its size and revenue history. The established customer base,strong goodwill,and recognized brand within the community provide an outstanding foundation for continued success.
This business is ideally suited for owner-operators,experienced restaurateurs,family businesses,or investors seeking a proven operation with significant goodwill and future growth potential through expanded marketing,catering,delivery services,extended operating hours,or menu enhancements.
Rare opportunity to acquire a well-established,family-owned restaurant that has successfully operated from the same prime location for over 37 years. This long-standing business has earned an outstanding reputation within the community for its quality food,exceptional service,and loyal repeat clientele.
Specializing in pizza,steaks,and a diverse menu,the restaurant is fully operational and ready for a seamless ownership transition. The premises offer approximately 2,000 sq. ft. of well-designed dining and kitchen space with 62 indoor seats,creating a warm and inviting atmosphere for customers.
The business has demonstrated a strong operating history,with average annual gross sales of approximately $700,000 and an estimated Seller's Discretionary Earnings (or net income,as applicable) in the range of $140,000–$150,000.
One of the property's most attractive features is its affordable lease of approximately $7,000 per month,offering excellent occupancy costs relative to its size and revenue history. The established customer base,strong goodwill,and recognized brand within the community provide an outstanding foundation for continued success.
This business is ideally suited for owner-operators,experienced restaurateurs,family businesses,or investors seeking a proven operation with significant goodwill and future growth potential through expanded marketing,catering,delivery services,extended operating hours,or menu enhancements.
Location
Province AB
County 0046
Area Cal Zone Nw
Zoning COM
Interior
Inclusions none
Fireplace No
Exterior
Total Parking Spaces 200
Garage No
Building
Dwelling Type Retail
Others
Restrictions None Known
Listed by LPT Realty
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