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1515 Mayor Magrath Drive S, Lethbridge

LCLV, Lethbridge

$96,000Lease $2,260 Monthly

About this property

Ready to own a profitable, turnkey restaurant in Lethbridge, Alberta? This well-established quick-service restaurant has built a strong local following, known for its diverse, crowd-pleasing menu featuring signature chicken wings (wet and dry flavours), fan-favorite sides like tornado potatoes, French fries, onion rings, and mac & cheese, along with popular lunch specials that keep customers coming back. Designed for efficiency and ease of operation, this business is ideal for entrepreneurs or family operators seeking a manageable, income-generating opportunity. The restaurant is fully operational, with consistent cash flow and a streamlined setup that allows for a smooth transition. The sale includes all equipment, fixtures, and a fully equipped commercial kitchen, along with the necessary licenses. Comprehensive training will be provided to ensure continued success under new ownership. Located in a high-visibility area of Lethbridge, the business benefits from strong brand presence and ongoing growth in the surrounding community. No additional setup is required—step in and start operating from day one. Business Details: • Base Rent: $2,260/month + GST • Sale Type: Asset Sale • Size: 1,130 sq. ft. This is a rare opportunity to acquire a ready-to-run restaurant with solid fundamentals and room for continued growth.

Essential information

MLS® number
A2305204
Status
Active
Price
$96,000
Lease rate
$2,260 Monthly
Property type
Commercial
Type
Retail
Transaction
For Lease
Restrictions
None Known
Building area
1,130 sq ft
Year built
2000
Structure
Low Rise (2-4 stories)
Listing brokerage
Maxwell Devonshire Realty
Source
Pillar 9™ MLS® System

Community

Subdivision
LCLV
City
Lethbridge
Province
AB
Postal code
T1K 2R4

Where it is

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Approximate location, plotted from the listing’s own coordinates.

Business valuation calculator

SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.

Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.

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The deal

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What this space costs per month

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The space

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MLS® data last updated Nov 8, 2026, 1:10 a.m. (Mountain Time).

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