Business For Sale · Specialty

901 64 Avenue NE, Calgary

901 64 Avenue NE, Calgary, AB T3J5R7

$449,900 total

1,350 SF

Asset Class

Specialty

Size

1,350 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$333

Occupancy

88%

Year Built

2019

About this property

Turnkey franchise restaurant opportunity in Calgary’s popular Deerfoot City. This well known franchise business generates over $1 million in annual gross sales, and offers a highly visible, convenient location within a vibrant shopping and dining destination, surrounded by retail stores, services and entertainment. An excellent opportunity for a hands-on owner-operator to step into an established business with employees already in place. Part of a recognized franchise with locations across Canada, including Calgary and Toronto, this fast-casual restaurant serves a crowd pleasing selection of gourmet grilled sandwiches, burgers, chicken sandwiches, loaded poutines and more. The business accommodates dine in, takeout and delivery, offering several ways to serve customers. Featuring a stylish, upscale interior, an inviting seating area and a fully equipped commercial kitchen, this beautifully presented store offers a modern, ready-to-operate setup. Equipment was purchased brand new for the store’s setup, and an equipment list is available. Established franchise systems and existing operations provide a strong foundation for an incoming owner. Affordable lease terms and approximately six years remaining, subject to confirmation of the lease commencement and expiry dates. An appealing opportunity to take over an operating restaurant without starting the build-out from scratch.Financial statements, lease details and other confidential business information will be provided upon signing a non-disclosure agreement. Business name withheld for confidentiality. Please contact the listing agent for further information and to arrange a private viewing. Do not approach staff directly. Sale subject to applicable landlord and franchisor approvals. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$-130

Cash-on-cash

-0.10%

DSCR

0.99

Going-in cap

5.51%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group593 SF2032-03
Meridian Health Group400 SF2032-03
Meridian Health Group400 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

108,591

Households

50,541

Median income

$90,000

Median age

32.3

Daytime population

114,417

5-yr growth

7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 901 64 Avenue NE, Calgary.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.