Restaurants For Sale in Calgary Alberta

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South Calgary Restaurant Facility For Sale

Location:Calgary, Alberta

Category:Restaurant

Asking Price:$75,000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • South Calgary Restaurant Facility For Sale

Business description

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 * * ***. 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.

Ken Wither, Certified Business Intermediary, Acuity Business Group

Commercial Real Estate Associate, Urban Realty

Other Information

  • Years Established: 18
Acuity Business Group
Enquiry form
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