South Calgary Restaurant Facility for Sale

South Calgary Restaurant Facility for Sale
SOLD - Restaurant

Location: Calgary, SE
Type: Asset Sale, Restaurant
Price: $75,000
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.

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