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Large Good Earth Coffee House In Sylvan Lake For Sale

Sylvan Lake, Alberta, Canada
Asking Price:
Under $100K (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$50K - $100K (CAD)

Largest square footage (2,484sf) Good Earth in Western Canada is for sale right on Lake Shore drive of beautiful Sylvan Lake Alberta. Current population of 20,000 in the town and surrounding cabin area PLUS 100,000 in Red Deer only 18 Km away. This newly opened restaurant has all the startup costs and staffing already handled and is now waiting for the right business owner to take it to it's full potential. Long term triple net lease ($6,046) in this new strip mall is assumable and renewable for additional 5 years..
Other busy tenants in this 3 year old mall include Under Current craft brew house, Convenience store, Freshii fast food, Nail and Spa Salon and Furnishings store.

Property Information

Real Estate:

Lease

Lease Terms:

March 2023 is end of first 5 year term with additional 5 year term guaranteed

Lease Rent:
$19 (CAD) per sq ft per annum
Location:

On busiest corner in Sylvan Lake namely Lakeshore Drive and Centenial Street (main street).

Premises Details:

Corner unit in L shaped strip mall. Includes Patio out front and is very large on the inside.

Size in square feet:
2,484

Business Operation

Competition / Market:

Tim Horton's on Hwy 20 2.6 km away.

Reasons for selling:

Career changes in his other full time job.

Trading hours:

7-9pm

Employees:
8
Years established:
under 2 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Subject to approval of Francise

Other Information

Support & training:

Owner will train or stay on as manager for $5000/month

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase price could be calculated into the Landlord's lease

Contact Royal Lepage Team Rush

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