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Renanza Realty
For sale

130 Government Road S

Diamond Valley, Alberta

MLS® A2346491

$199,000

Status
Active
Property type
Business
MLS® number
A2346491
Bedrooms
Bathrooms
Year built
1960

Listing description

Excellent opportunity to acquire a well-established Vietnamese/Asian take-out restaurant in Black Diamond, Alberta. This business offers a practical and attractive setup for a family-operated business, with an established customer base and a strong local presence. The restaurant is well known within the community and has developed a solid reputation for Vietnamese and Asian cuisine.

The take-out restaurant format is particularly well suited to the local market, providing an efficient operation with manageable space and overhead. According to the Seller, the business experiences strong customer traffic and offers the potential to keep an owner/operator actively engaged throughout the year. This is an excellent opportunity for an entrepreneur or family looking to operate a food-service business in a smaller Alberta community.

The business occupies approximately 725 sq. ft. , with current rent of approximately $2,000/month, plus utilities of approximately $1,000/month.

The Seller is offering the business and its assets for $199,000 OBO. The sale is due to owner retirement after 20 years in the business. Additional opportunity: The building/property may also be available for purchase for $300,000, providing a potential option for a buyer interested in owning both the operating business and the real estate.

Business and property are offered separately. Buyers are encouraged to conduct their own due diligence regarding financials, lease terms, equipment, permits, and operating requirements. If interested more for additional information available and to arrange a private showing today.

Property summary

MLS® number
A2346491
Property type
Business
Square footage
725 sq ft
Land size
3000 square feet
Built in
1960
Days on market
1 day

What would this home cost you?

Based on the $199,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$926 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of First Place Realty, CALGARY.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.