Browse listings

125 Leva Avenue, Rural Red Deer County

RCGS, Rural Red Deer County

$3,500,000

About this property

Glenn's Restaurant ~ A Family Tradition Since 1986. An Iconic landmark in Red Deer County’s renowned and ever expanding Gasoline Alley. Ever notice the large Tea Pot? Glenn’s restaurant and gift shop, (2 separate buildings) situated on 1.39 Acres of prime commercial land, is now available for sale. Invaluable exposure along Highway 2, on the south side of Red Deer. Own a piece of history while operating your own restaurant and gift shop. The restaurant comfortably seats 165 guests and features a proven, long standing menu that has built a loyal customer base over the years. Both the restaurant and gift shop offer an extensive selection of specialty teas and unique giftware, creating multiple revenue opportunities. Whether you’re an experienced restaurateur, entrepreneur, or investor, this is a rare chance to acquire highly desirable property in a premier location.

Essential information

MLS® number
A2328301
Status
Active
Price
$3,500,000
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known, Phone Listing Broker
Building area
9,477 sq ft
Lot size
60,548 sq ft
Year built
1986
Structure
Retail
Listing brokerage
Maxwell Real Estate Solutions Ltd.
Source
Pillar 9™ MLS® System

Interior

Included
All Restaurant Business related Equipment & Fixtures

Exterior and construction

Zoning
C3 Highway Commercial

Commercial

Business type
Gift Shop, Restaurant

Community

Subdivision
RCGS
City
Rural Red Deer County
Province
AB
Postal code
T4E 1B2

Where it is

Loading map…

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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.

Trading

$
$
$

Add-backs

$
$
$
$

The deal

$
×
SDE—
EBITDA—
Gross profit
—
Pre-tax profit as the books show it
—
Value at that multiple SDE × multiple
—
Asking price as a multiple of SDE
—
Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
—

—

Arithmetic on the numbers you enter — not a valuation, not an appraisal and not financial advice. Real multiples vary enormously by industry, lease terms and how much the business depends on its owner. Have an accountant review the actual books before you rely on any of it. Nothing typed here is sent anywhere or saved.

Tell me when another one comes up

Leave your details and Satyam will let you know as soon as a new listing in restaurants and bars in Rural Red Deer County reaches the market — often before it is advertised anywhere else.

We’ll email you once to confirm. No account, nothing to log in to, and the listings stay open to everyone either way.

✓

You are on the list.

You will hear the moment a new listing in restaurants and bars comes up.

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

Call WhatsApp Email Instagram