Browse listings

D, 1114 Railway Street, Crossfield

$223,900Lease $2,800 Monthly

About this property

PLEASE DO NOT APPROACH OR INQUIRE WITH STAFF WITHOUT AN APPOINTMENT!! This is a Business Asset Sale, there is NO PROPERTY OR BUILDING being sold. Turnkey Retro Diner & Regional Destination – 15 Mins North of Airdrie Some of the original building still exists in Shorty's business area, HOWEVER the new section is all part of the large renovation in 2008. Then in 2019 the Diner area was walled off, as a new section which became the restaurant. Own a beloved piece of Alberta's casual dining scene! The Diner at Shorty's, located on the high-visibility corridor of 1114 Railway Street in Crossfield, is officially on the market. Housed in a meticulously renovated 60+ year-old former auto garage, this turnkey establishment has built an incredible regional following. It seamlessly blends a vintage automotive theme with a warm, family-friendly environment. Renowned for serving some of the finest light-batter fish & chips, gourmet burgers, and artisan poutines in the province, the diner boasts stellar 4.7+ star ratings across Google and TripAdvisor. This is an exceptional opportunity for an owner-operator, family business, or expanding restaurateur to step into a profitable, fully licensed asset with established goodwill and zero downtime. Key Business Highlights: Prime Real Estate & Exposure: Situated on Crossfield's main business strip with ample free street and lot parking. Unique Visual Branding: Packed with valuable retro memorabilia and local automotive history that keeps tourists and car clubs coming back. State-of-the-Art Assets: Fully equipped commercial kitchen, pristine prep areas, and robust dine-in and takeout infrastructure. Growth Potential: Historically operating on a curated Tuesday–Saturday schedule, offering massive upside by expanding into Sunday/Monday hours or adding breakfast services. Financial data, equipment lists, and lease terms will be released to qualified buyers upon execution of a Non-Disclosure Agreement (NDA). Status: Licensed, Turnkey Operation Inventory is not included in the sale price and will be calculated and adjusted before possession / adjustment day. Premises Details: Main street excellent location just off the West side QE2 highway and highway 2A. This business is owner operated. Expansion Potential: Take out, expanded menu, more hours Very little competition for this area Reasons for selling: Retiring Employees: 3 Part Time + 2 Owners are Full Time. All employees will NOT be moving on with new owner. INVENTORY will be calculated at time of sale and is NOT INCLUDED in sale price. Years established: 7 years Support & training: Owners will stay and train / transition as needed to ensure next owner is successful. NDA must be signed before confidential information is released and site visit granted.

Essential information

MLS® number
A2353279
Status
Active
Price
$223,900
Lease rate
$2,800 Monthly
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
2,500 sq ft
Lot size
8,710 sq ft
Year built
1931
Structure
Mixed Use
Listing brokerage
Real Broker
Source
Pillar 9™ MLS® System

Interior

Included
See Restaurant Equipment list in supplements

Exterior and construction

Zoning
CBD

Community

City
Crossfield
Province
AB
Postal code
T0M 0S0

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.

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.

The space

$
sq ft

On top of the rent

$
$
Per month—
All in, per sq ft—
Base rent monthly
—
Operating costs monthly
—
Anything else monthly
—
Total each month before GST
—
Total each year
—
Base rent per year
—

—

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.

Tell me when another one comes up

Leave your details and Satyam will let you know as soon as a new listing in businesses for sale in Crossfield 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 businesses for sale comes up.

Similar properties to MLS® #A2353279

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

Call WhatsApp Email Instagram