Available building lease and business to start your food service or catering journey! Whether you're just starting out or looking to expand, this property has what you need to make it happen. With five work stations, a test kitchen, production kitchen, four bathrooms, a shower room, and a break room, this property is an ideal base of operations. Separate meat, vegetable, and bakery preparation zones and multiple cold storage areas keep a safe and secure production environment, while ample outdoor parking provides convenience to your customers. Give your REALTOR® a call and book a showing today!
Essential information
MLS® number
A2334505
Status
Active
Price
$175,000
Lease rate
$20/sq ft/yr (listed as “Monthly”)
Property type
Commercial
Type
Industrial
Transaction
For Lease
Restrictions
None Known
Building area
5,584 sq ft
Year built
2021
Structure
Industrial
Listing brokerage
Grassroots Realty Group
Source
Pillar 9™ MLS® System
Interior
Included
Subject to Lease Agreement
Community
Subdivision
LCCI
City
Lethbridge
Province
AB
Postal code
T1H7H6
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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6 photos$200,0004401 University Drive W, Lethbridge
