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4419 45 Street, Rocky Mountain House

$320,000Lease $3,348 Monthly

About this property

Welcome to Rainbow Cafe & Grill, a well-established and locally appreciated restaurant in Rocky Mountain House offering homestyle comfort food, friendly service, and a welcoming small-town diner atmosphere. Conveniently located on Highway 11, the main road through town, and attached to Petro-Canada. This long-standing business benefits from excellent visibility, steady traffic flow, ample customer parking, and an inviting outdoor seating area perfect for seasonal dining. Rainbow Cafe & Grill has built a loyal customer base of locals, workers, travelers, and repeat highway traffic. Popular menu favorites include hearty breakfasts, eggs benedict, skillet plates, pancakes, soups, burgers, fish and chips, and classic diner-style comfort food. The restaurant offers a functional and well-equipped layout, accessible entry, dedicated staff and storage areas, and a fully outfitted commercial kitchen featuring vent hood and fire suppression system, grill, flat tops, fryer, walk-in cooler, walk-in freezer, prep stations, coffee equipment, and additional kitchen assets. Rainbow Cafe & Grill presents an excellent opportunity for an owner-operator, family business, or hospitality entrepreneur looking to acquire an established restaurant with existing clientele, strong community recognition, and a long-term lease structure.

Essential information

MLS® number
A2314437
Status
Active
Price
$320,000
Lease rate
$3,348 Monthly
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
Landlord Approval
Building area
1,911 sq ft
Year built
1978
Structure
Low Rise (2-4 stories)
Listing brokerage
RE/MAX real estate central alberta
Source
Pillar 9™ MLS® System

Interior

Included
List available

Exterior and construction

Zoning
HC

Commercial

Business type
Restaurant

Community

City
Rocky Mountain House
Province
AB
Postal code
T4T 1B6

Where it is

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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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MLS® data last updated Nov 8, 2026, 12:50 a.m. (Mountain Time).

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