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- Location, Location, Location is key for this Profitable Bar/Lounge on popular and trendy 17 Ave SW. Owner spent over $100,000 on just improvements to interior and HVAC system. New upgraded HVAC exceeds City's request for CFM/air-make per person occupancy. Business did over $440k in just 7 months, this is just based on EVENING hours of 5pm to 1 am. Patio allows for 42 person and IF opened for Lunch, this would have the potential just to cover the rent. Interior improvements includes BAR (6 beer lines), audio system (DJ set), Projector for private parties and popular bottle service. Large space (3,543 SF) allows for 144 patrons to enjoy the drinks and delicious food. Large Commercial kitchen, cooking equipment and 16 foot Canopy will provide for all patrons and possible morning/Lunch rush. Long lease in place (4 years left) and two (5) option to Renew allows for the next owner to maximize their ROI. Seller started theme nights like Latino night, R&B, and more. Be the next to own this Trendy spot!

Property Details

  • ID: C4273260
  • Year Built: 1964
  • Parking Type Description: None 0 cars
  • Property ID: 101443320
  • Status: Active
  • New Construction: No
  • Style: Other
  • Storeys: 0
  • Living Area: 3,543

Features

Condo Type Not a Condo
Ensuite YN 0
Garage YN 0
Other Baths Total - 0.00
Property Sub Type Retail
Property Type Commercial
Region Calgary
Zone Zone CC
Listed By Jim Lee and Arshad Rashed of CENTURY 21 Bravo Realty