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$ 1,100,000
Price Dropped by $700K
Spruce Grove, AB
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
MLS® Listing ID A2276466
Year Built 1965
Annual Tax Amount $3,613
Tax Year 2025
Property Sub-Type Retail
Source Calgary
Property Description
Offered for sale at $1.1M, this is a rare opportunity to acquire a well-established, profitable restaurant business, generating annual gross revenues exceeding $1.3M. Successfully operated by current owner for nearly 20 years, the business is a widely recognized, community-loved restaurant known for its nostalgic appeal, loyal repeat customer base, and consistent performance. The operation is fully built-out and turn-key, making it ideal for an owner-operator or investor seeking a proven concept with strong cash flow and long-standing brand recognition. With a solid operating history, and multiple opportunities for future growth, this offering represents a compelling blend of stability, income, and upside potential. Seller is open for Rent To Own option, or selling 75% share.
Location
Province AB
County Spruce Grove
Zoning C1
Interior
Inclusions EQUIPMENT LIST
Others
Restrictions None Known
Tax ID 105673758
Ownership Private
Listed by Century 21 Bravo Realty