Property Details

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Red Deer (A2212946)

$249,000
2,740 ft²

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Yes, you are reading it right; and even though it sounds too good to be true, it is true. This restaurant is a crazy money making machine with the net $24,000, as per the owner's statement. . Which implies that you can pay off he entire business in a mere 10 montths. This restaurant is beloved by the local community. The sales and the clientele are enormous. The establishment is very vast. You can further improve the menue and rent out th e outer room as an office to augment your earnings. The EBITDA calculation would set its price of upward of $700k. However , we are listing at only $249k.

Property details

Basic Info

MLS® #
A2212946
Property Type:
Commercial
Subtype:
Retail
Subdivision:
Red Deer
Price
$249,000
Sale/Lease:
For Lease
Size:
2,740 sq.ft.
Year Built:
1987 (38 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
Ask for the detail

Business Info

Business Type:
Food & Beverage ,Restaurant ,Retail

Listing Info

Possession:
Negotiable
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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