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$160,000 total
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Asset Class
Hospitality
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
92%
Lot Size
1.0954985353535354 ac
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)
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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.
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.
Confidential diligence documents for Edmonton.
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.