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$624,900
Est. payment /mo
1,940 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $322
MLS Listing ID A2339767
Year Built 2005
Property Sub-Type Business
Property Description
ESTABLISHED SHAWARMA RESTAURANT BUSINESS FOR SALE – NE CALGARY
Excellent opportunity to acquire a well-established and profitable SHAWARMA restaurant business operating from the same location for over 18 years,with the original owner successfully running the business since its establishment.
Situated in approximately 2,000 sq. ft.,the restaurant offers seating for approximately 62 guests and operates 7 days a week,serving breakfast,lunch,and dinner. The business has built a strong reputation and loyal customer base over the years,benefiting from consistent repeat clientele and steady customer traffic.
The menu features a popular selection of shawarma,falafel,kebabs,wraps,Pita and other Middle Eastern favourites,along with an established catering business,providing multiple revenue streams.
The business generates approximately $1.2M–$1.4M in average annual gross sales,with reported annual net cash flow of approximately $130,000–$140,000 after employee wages,subject to verification by the purchaser. The operation is supported by approximately 4 full-time and 4 part-time employees,providing an established staffing structure for a new owner.
Monthly rent and operating costs are approximately $6,400,offering an attractive occupancy cost relative to the size and reported sales volume.
With 18+ years of operating history,strong sales,established clientele,experienced staff,dine-in capacity,takeout and catering revenue,this is an excellent opportunity for an owner-operator,experienced restaurateur,or investor looking to acquire an established food-service business in NE Calgary. Current Lease expires in 2 years and Option to Renew for another 10 years .
Excellent opportunity to acquire a well-established and profitable SHAWARMA restaurant business operating from the same location for over 18 years,with the original owner successfully running the business since its establishment.
Situated in approximately 2,000 sq. ft.,the restaurant offers seating for approximately 62 guests and operates 7 days a week,serving breakfast,lunch,and dinner. The business has built a strong reputation and loyal customer base over the years,benefiting from consistent repeat clientele and steady customer traffic.
The menu features a popular selection of shawarma,falafel,kebabs,wraps,Pita and other Middle Eastern favourites,along with an established catering business,providing multiple revenue streams.
The business generates approximately $1.2M–$1.4M in average annual gross sales,with reported annual net cash flow of approximately $130,000–$140,000 after employee wages,subject to verification by the purchaser. The operation is supported by approximately 4 full-time and 4 part-time employees,providing an established staffing structure for a new owner.
Monthly rent and operating costs are approximately $6,400,offering an attractive occupancy cost relative to the size and reported sales volume.
With 18+ years of operating history,strong sales,established clientele,experienced staff,dine-in capacity,takeout and catering revenue,this is an excellent opportunity for an owner-operator,experienced restaurateur,or investor looking to acquire an established food-service business in NE Calgary. Current Lease expires in 2 years and Option to Renew for another 10 years .
Location
Province AB
County 0046
Area Cal Zone Ne
Interior
Inclusions See Remarks
Fireplace No
Exterior
Total Parking Spaces 1000
Garage No
Building
Dwelling Type Retail
Others
Restrictions None Known
Read Less Info
Listed by LPT Realty
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