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Well Established Chinese / Western Restaurant for Lease
$48,888
Alberta > Northern Alberta > Yellowhead County
n/a
access_timeSun, Oct 13, 2019
I have , for a Long Term Lease , a 2 Bay , 2,475 sq.ft. , Chinese / Western Restaurant with 88 Seat Licensed Dine-In with Pick Up & Delivery options for added income
This Well Established Restaurant has been in the same Stripmall Location for the past 46 Years , ever since the Stripmall was built in 1973 . The current Tenants have operated it for the past 10 years and are now retiring
This is a 5 Year Lease from , 1st December 2019 to 30th November 2024 - ( with 3 further Renewal Options for a total of 20 years ) at a very reasonable rent of $3,500 per month , Gross ( $15 + per sq.ft. ) for the first year , after rental incentive . The Landlord pays the Property Taxes and the Common Area Costs . You only pay for your Utilities .
You may change the concept to a different type of Cuisine . There are a lot of possibilities for the 2nd Bay , which is currently under utilized . This Bay , which is approximately 900 sq.ft
, has its own Entrance , its own Washrooms and has direct access to the Main Kitchen and the Main Restaurant . It could be turned into a soon to be legalized Edible Cannabis Restaurant , a Sports Bar with VLTs , a Coffee and Donut Cafe , a Karaoke Bar , a Pizza and Donair Store , a Grocery / Convenience Store , a Bakery / Cup Cake Cafe etc . .... these are some of the endless possibilities recommended to complement the Main Restaurant . The Neighborhood lacks all of the above recommended stores
Asking only $48,888 .
If you ever wanted to own your own Restaurant , this could be it
The Landlord requires that the new Tenants have some Restaurant Experience and excellent Financials and References
Please reply with your Full Name , Phone Contact and Previous Experience for more information
Please do not approach the Staff or Manager . Thank You
Please view my other ads for great deals
- Real Estate & Rentals
- > Businesses for Sale
- > ID 34417242
superthrift
Ad status: SOLDShare the ad: