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.
List Price
$249,000
Lease Price
4200.00
Lease Unit
Fixed
Lease Term
Monthly
Property Type
Commercial
Type of Dwelling
Retail
Area
Red Deer
Sub-Area
Other
Year Built
1987
MLS® Number
A2212946
Listing Brokerage
DreamHouse Realty Ltd.