A rare opportunity to own a well-established restaurant in one of Canada’s most visited destinations. Perfectly positioned on Banff Avenue, this operation benefits from unbeatable foot traffic, year-round tourism, and exceptional visibility.
This restaurant offers a turnkey setup with updated furnishings, and a welcoming dining space that captures both locals and visitors. With its proven history, strong location presence, this business is ready for new ownership to step in and continue its success—or bring a fresh new concept to one of the most high-demand streets in the Rockies.
Whether you’re an experienced operator or expanding your hospitality portfolio, this is a rare chance to secure a premium Banff Avenue address and build upon an already thriving foundation. Opportunities like this don’t come often.
Essential information
MLS® number
A2330572
Status
Active
Price
$699,000
Lease rate
$16,633 Monthly
Property type
Commercial
Type
Business
Transaction
For Lease
Restrictions
Park Approval
Building area
2,253 sq ft
Year built
1950
Structure
Low Rise (2-4 stories)
Listing brokerage
RE/MAX KEY
Source
Pillar 9™ MLS® System
Community
City
Banff
Province
AB
Postal code
T1L1C1
Where it is
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Approximate location, plotted from the listing’s own coordinates.
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.
SDE—
EBITDA—
Gross profit
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Pre-tax profit as the books show it
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Value at that multiple SDE × multiple
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Asking price as a multiple of SDE
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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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.
What this space costs per month
Commercial rent is quoted per square foot per year. This turns it into the cheque you actually write — and adds the operating costs, which are quoted separately and routinely add a third again.
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.
Per month—
All in, per sq ft—
Base rent monthly
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Operating costs monthly
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Anything else monthly
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Total each month before GST
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Total each year
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Base rent per year
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An estimate from the figures above, not a quote and not financial advice. Confirm the rent, the operating costs and what is included with the listing brokerage before you rely on any of it — GST, utilities and tenant improvements are not in here. Nothing typed is sent anywhere or saved.
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