Large restaurant in Calgary, after 20 years in business under the same concept, the business owner decides to retire, with a yearly reservation orders for large parties, such as weddings, birthday parties, political conventions, community association events, award ceremonies, Corporate Events, Church Function, Theme Parties, Benefits/Fundraisers, Private Parties, etc...this is a profitable business, not to mention the lunch and dinner retail, as well as the take out and delivery businesses. With the year ahead reservations, the investor will recover the purchase price in a relatively short time. 17,000sf, including storage, low lease rate of $16/sf. Suitable for operators with large restaurant experience. To set up such a 17,000 sf space will cost $1.2M to $1.5M, but now you can get this built out for half the price. The condition is good, no renovation required in the next few years.
Essential information
MLS® number
A2337051
Status
Active
Price
$699,900
Lease rate
$45,000 Monthly
Property type
Commercial
Type
Business
Transaction
For Lease
Restrictions
None Known
Building area
17,000 sq ft
Year built
1978
Structure
Low Rise (2-4 stories)
Listing brokerage
First Place Realty
Source
Pillar 9™ MLS® System
Interior
Heating
Boiler
Cooling
Central Air
Included
all existing restaurant operating equipment and furniture
Community
City
Calgary
Province
AB
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.
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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