Listing ID: SMC 27012018

Location: Confidential – Calgary, Alberta

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Restaurant and Bar

 

Business Overview

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.

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

Are the current owners the founders? Yes
Is this a Franchise Business? No
Owner Support/Training: Offered by the vendors
Reason for Sale: Owners would like to pursue other interests

Business Premises and Location

Does the Vendor own the premises? No
Is the premises part of this sale? No
What is the cost of the lease? Lease details available upon request.

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Inventory & Asset List.

Operational Summary

Snapshot

Annual Revenue: $ 681,411

Discretionary Earnings: $ 87,761

Assets: $250,000 (2017)

Information

  • Year Established – 1995

  • # of Employees –  6 FT 3PT

  • Asking Price – $450,000.00

  • Seller Financing – Not Available

  • Inventory -$ 8,000. (2017)

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