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$ 549,000
$ 549,000
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Rent
MLS® Listing ID A2287046
Year Built 1993
Property Sub-Type Business
Source Calgary
Property Description
Well-established South Indian restaurant with a 60-seat dining capacity, delivering over $1.3M in gross annual sales and a strong net income of $275K. The business benefits from multiple revenue streams, including a robust catering operation. This is a fully turnkey setup—the seller is prepared to provide comprehensive training to ensure a smooth transition, and the experienced staff is willing to stay on. The restaurant is equipped with newer equipment, including a new AC unit installed in the walk-in cooler, and features a 12-foot canopy. The current lease is secured for 3 years with a 5-year renewal option, offering long-term stability. Known for its strong reputation and loyal customer base, this is an ideal opportunity for an owner-operator or investor seeking a high-performing, ready-to-run restaurant.
Location
Province AB
County Calgary
Area Cal Zone Ne
Interior
Inclusions Asset List to be provided before closing
Others
Restrictions None Known
Ownership Private
Listed by Real Estate Professionals Inc.