Business For Sale · Hospitality

Edmonton

Edmonton, AB T5K2V2

$160,000 total

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Asset Class

Hospitality

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

92%

Lot Size

1.0954985353535354 ac

About this property

Turnkey opportunity to take over a well-established Vietnamese restaurant with almost 10 years in operation in a high-visibility downtown Edmonton location. This is a business and asset sale only; the property is not included.The restaurant occupies a ground-floor corner unit with excellent street exposure and a large, open dining area filled with natural light. Business is driven primarily by walk-in traffic and food delivery orders, and has been unaffected by the ongoing LRT construction.The space is fully built out and ready to operate:Full commercial kitchen with exhaust system in placeBright, open dining area; current layout seats 40Ground-floor corner positioning with strong visibilityCurrently licensed for liquor serviceActive on all three major food delivery platforms2 Bathroom build outs Assignable lease, including 4 rear parking stalls for staffThe current menu is fully vegetarian and has built a loyal following. A new owner-operator can continue this proven concept as is, or expand the offerings to reach a wider customer base.This suits an owner-operator looking for an established business, or a restaurateur who wants a fully equipped, licensed space without the cost and delay of a new build-out. The ideal operating hours are mornings and during the day for walk in traffic from multiple surrounding office buildings, and the Edmonton General Hospital across the street. Asking $160,000. Equipment package negotiable; buyers may take all or part. Lease details and equipment list available to qualified buyers. Please do not approach staff; all inquiries and showings by appointment only through the listing agent. (id:66811)

Financial sandbox

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Estimate
Purchase price$160K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$739

Projected NOI

$11K

Annual cash flow

$2K

Cash-on-cash

4.78%

DSCR

1.26

Going-in cap

6.97%

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.

Area demographics

Trade area within 3 miles of the property.

Population

64,263

Households

22,801

Median income

$138,000

Median age

39.4

Daytime population

83,097

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for Edmonton.

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.