Well-established South Indian restaurant with a 60-seat dining capacity, delivering over $1.3M in gross annual sales and a strong net income of $275K. The business benefits from multiple revenue streams, including a robust catering operation. This is a fully turnkey setup—the seller is prepared to provide comprehensive training to ensure a smooth transition, and the experienced staff is willing to stay on. The restaurant is equipped with newer equipment, including a new AC unit installed in the walk-in cooler, and features a 12-foot canopy. The current lease is secured for 3 years with a 5-year renewal option, offering long-term stability. Known for its strong reputation and loyal customer base, this is an ideal opportunity for an owner-operator or investor seeking a high-performing, ready-to-run restaurant.
List Price
$549,000
Lease Price
7700.00
Lease Unit
Sqft.
Lease Term
Monthly
Property Type
Commercial
Type of Dwelling
Business
Transaction Type
Lease
Area
Calgary NE
Sub-Area
46NE_8888
Year Built
1993
MLS® Number
A2287046
Listing Brokerage
Real Estate Professionals Inc.