For Sale $75,000 - Restaurant
Location: Calgary, SE
Type: Asset Sale, Restaurant
Years in business: 18, currently operating as Ricky’s All-Day Grill
This is a terrific opportunity to take over a South Calgary restaurant facility that is ready for the next great concept! This location is currently operating as a Ricky’s All-Day Grill and is equipped to adjust easily to your own brand. There have been over $500K spent in fixtures, fittings, leasehold improvements, equipment, and furniture over the years with renovations taking place 3 years ago.
This is an asset sale only.
Located on 130th Avenue SE, Calgary, this facility is located within a busy shopping centre including anchor stores such as Walmart, Lowes, Canadian Tire and Superstore. The premise is 2610 square feet and currently seats 90. It is currently permitted as a licensed, sit down family restaurant.
The list price is $75,000 as an asset sale including equipment, fixtures, fittings and furniture. Items not included are: coffee machine, dishwasher, computer, Tropican cooler and Ricky’s signage and pictures.
The lease assignment will require approval from both the landlord and the currently leaseholder (Ricky’s). There are 2 years remaining on the current lease plus one 5-year renewal. The base rent until July 2021 is $32 per square foot. The current common area maintenance cost is $9.68 per square foot. The current property taxes are $9.45 per square foot.
Potential buyers can contact Ken Wither at (587) 215-2245. After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, credit rating, and liquid cash available. You will also be required to provide a complete business plan.
Business owners or staff are not to be approached directly.