Total of 18659 firms and businesses for sale today Saturday 18th May 2024
Sold. Restaurant Space & Equipment
LISTING DETAILS
Firms For Sale ID:
29479
Vendor reference:
8022-12-40
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Commercial property:
Business opportunity:
Asking price:
$100,000
Furniture, fixtures and fittings included.
Furniture, fixtures and fittings included.
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Restaurant Size: 6,163 sq. ft. – Dining area is an open concept with a bar section (U-shaped bar)
Seating Capacity: 200
Building Size: 7,063 sq. ft. incl. 900 sq. ft. subleased at the same rate as the lease
Options to Renew: 3 X 5-year option at market rate based on "Unimproved Space"
BUSINESS DESCRIPTION
VR Business Sales Presents: LOCATION! LOCATION! LOCATION! Fully equipped restaurant space (approx. 6,200 sq. ft. with 200-seat capacity) located near the busiest traffic intersection in South Edmonton to about 100,000 cars per day! This fantastic site features GREAT parking, GREAT signage, excellent retail exposure, several points of access and is within walking distance from a new 191-room/suite hotel that has no restaurant, and minutes away from other major shopping power center. Current basic rent is at $27/sq.ft. (compared to $40/sq.ft. at nearby South Common). To top it all off, the lease contain 3 X 5-years to renew options on the basis of lease rates based on "unimproved space". This is a rare one of kind opportunity to move into a triple ’A’ lease space at a cost well below market in an area of highly successful restaurants. SNOOZE... YOU LOSE! CALL NOW!!!
THIS BUSINESS IS CURRENTLY UNDER CONTRACT.