haho.ca
$2,995,000
For sale

402 Centre Street Southeast, High River - Business for Sale

402 Centre Street Southeast, High River, Alberta, T1V2C2

5,500 ft²Listed 35 days ago
Overview

This business in High River is for sale offering roughly 5,500 sq ft of space. It has been on the market 35 days, fresher than the High River average of 70 days.

Description

Here is an opportunity to take over a well established bar and grill in the growing community of High River. Sally’s Bar & Grill has built its business around a comfortable, casual atmosphere, traditional pub style food, cold drinks and regular entertainment that keeps customers coming back.Located on Centre Street SE, the business benefits from a visible and easily accessible location and serves a mix of local regulars, surrounding rural customers and visitors to the High River area.The restaurant and bar offers an established food and beverage operation with a familiar neighbourhood pub atmosphere. Regular entertainment including karaoke, live music and special event nights gives the business additional reasons to bring customers through the doors beyond the traditional lunch and dinner business.A significant feature of this operation is its 14 VLTs, which provide an additional and established revenue stream to the business. The VLT operation generates strong cash flow and complements the food, beverage and entertainment sides of the business, giving a purchaser multiple sources of revenue within one established operation.This is the type of business that gives a new owner several directions to take it. Continue operating Sally’s and build on the existing customer base, local recognition and established revenue streams, or bring your own ideas, marketing and operating style to the location.For an owner/operator looking for an established restaurant and bar outside Calgary, this is a solid opportunity to step into an existing operation in a strong Southern Alberta community.High River recorded a population of more than 14,300 in the 2021 Census and also serves as an important commercial and service centre for the surrounding Foothills region. Foothills County recorded a population of more than 23,000 and includes a large rural trading area made up of nearby communities, acreages, agricultural operations and country residential properties.High River’s location approximately 30 minutes south of Calgary’s southern city limits also gives the community strong regional access, while continued residential, commercial and employment growth throughout the Foothills area supports the long term potential of the local market.A solid opportunity to acquire an established hospitality business with an existing customer base, recognizable local presence, multiple revenue streams and access to a trading area that extends well beyond the Town of High River itself.Contact your agent for additional information and details on the business. (id:66096)

Property Details

MLS®
A2348029
Property Type
Business
Business Type
Restaurant, Arts and Entertainment
Zoning
Com
Interior Size
5,500 ft²
Building Area
5,500 ft²
Year Built
2009
Property Tax
$14,859.16/yr
Listed
35 days ago

Features

Lot Features
Gravel lane

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
35d
High River listings, avg age
70d
Price / ft²
$545
List price
$3.00M

Extended: 35 days on market, against an average age of 70 days across the listings currently for sale in this city

Haho

This business in High River has been listed for 35 days, which is 35 days fresher than the city average of 70. Act while there is still low competition.

Listed by CIR Realty · Rob Campbell

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$2,995,000· $545/ft²
For sale

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$2,995,000

High River

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