Downtown Restaurant and Bar

Relocated to a beautiful venue in 2016, this amazing downtown restaurant hosts a variety of signature dishes, inspired by the flavors of California, Southeast Asia and Europe. Since 1995, this restaurant has been building a solid reputation in the downtown area of Calgary, AB for its high standards of service and excellence in the industry. Showcased in a modern, bright and comfortable atmosphere, this venue features a variety of seating areas, from a second-floor cozy dining area, to the lounge style seating, to the fabulous street patio. This licensed venue is open for breakfast, lunch, happy hour and dinner, five days a week with daily food and beverage specials. In addition to the regular menu, this restaurant includes a catering service for private functions in the dining room and spacious lounge. They will also cater to office sites and cocktail parties, holiday events, and The Calgary Stampede barbecues, etc.

Listing ID: SMC 27012018

Asking Price: $450000

Why This Business

  • Price includes inventory and assets, turnkey operation
  • Well established restaurant in a desired area
  • Excellent menu options
  • Potential for growth by extending hours, increase to catering services
  • Lease in place until 2026

Additional details

Reason for sale: Owners would like to pursue other interests
General Information: Seller is founder of the business, Owner support/training available, Premise is not part of the sale
Documents Available For Review: Business Sales Memorandum, Financial Statements, Equipment List

Listing Details

Operational Summary

Annual Revenue: $719194
Assets: $195773
Discretionary Earnings: $76848
Year Established: 1995
FT Employees: 6
Inventory: $8000
PT Employees: 3
Location: Calgary, Alberta
Broker: Alberta Business Sales Broker
Contact: Business Advisor: Neil Gerritsen (Contact Mr. Gerritsen) Direct: 780-919-1107

Alberta Business Sales Broker

info@absales.ca

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