5
See all 5 photos
$169,000
New
Westpark Main Street Red Deer, AB T4N4R7
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Rent
Subdivision West Park
MLS® Listing ID A2248207
Year Built 1985
Property Sub-Type Business
Property Description
Thriving Pizza & Street-Food Restaurant in Prime Central Location-Red Deer
This is a highly successful and visually appealing pizza and street-food restaurant, ideally located in a vibrant central area. The current owners took over just over two years ago, at a time when the business was underperforming with modest sales and lackluster profits.
Since acquiring the restaurant, the owners have undertaken a full-scale renovation. The dining area was expanded and redesigned with tasteful and elegant interiors, including new paint, flooring, ceiling work, and various other upgrades. These enhancements transformed the customer experience and led to a sharp increase in sales. Where there was once no dine-in space, the restaurant now regularly operates at full seating capacity.
In addition to the physical upgrades, the menu was completely revamped. The owners diversified the offerings by adding a range of South Asian cuisine and popular street-food dishes alongside the classic Western-style pizzas. This bold shift contributed significantly to the business's remarkable growth. Annual sales have increased from $117,000 to approximately $300,000. The volume of orders has now reached a point where the team often struggles to keep up with demand.
Attached to this email, you will find:
Last year's financial statements
Sales data from a representative day (June 22, 2025)
A breakdown of renovation expenses and improvements
Current photos of the restaurant
Links to our 5-star customer reviews on Facebook and Google
Outstanding Location
This restaurant enjoys one of the best possible locations for this type of business. It is surrounded by three schools, a senior living residence, numerous apartment buildings, and both multi-family and single-family homes. It is also just minutes away from Red Deer Polytechnic and offers easy access to a major highway—factors that drive strong dine-in and delivery sales.
Key Financials:
Monthly sales consistently exceed $30,000 (typically ranging between $25K–$30K)
Monthly NNN rent: $2,300
Utilities: approximately $800/month
This is a turnkey opportunity to acquire a fast-growing, fully modernized restaurant in a high-traffic area with an excellent reputation and strong future potential.
The EBITDA value formula dictates that the market value of this business ought to be $315,000; whereas we have listed at a mere $169k.
This is a highly successful and visually appealing pizza and street-food restaurant, ideally located in a vibrant central area. The current owners took over just over two years ago, at a time when the business was underperforming with modest sales and lackluster profits.
Since acquiring the restaurant, the owners have undertaken a full-scale renovation. The dining area was expanded and redesigned with tasteful and elegant interiors, including new paint, flooring, ceiling work, and various other upgrades. These enhancements transformed the customer experience and led to a sharp increase in sales. Where there was once no dine-in space, the restaurant now regularly operates at full seating capacity.
In addition to the physical upgrades, the menu was completely revamped. The owners diversified the offerings by adding a range of South Asian cuisine and popular street-food dishes alongside the classic Western-style pizzas. This bold shift contributed significantly to the business's remarkable growth. Annual sales have increased from $117,000 to approximately $300,000. The volume of orders has now reached a point where the team often struggles to keep up with demand.
Attached to this email, you will find:
Last year's financial statements
Sales data from a representative day (June 22, 2025)
A breakdown of renovation expenses and improvements
Current photos of the restaurant
Links to our 5-star customer reviews on Facebook and Google
Outstanding Location
This restaurant enjoys one of the best possible locations for this type of business. It is surrounded by three schools, a senior living residence, numerous apartment buildings, and both multi-family and single-family homes. It is also just minutes away from Red Deer Polytechnic and offers easy access to a major highway—factors that drive strong dine-in and delivery sales.
Key Financials:
Monthly sales consistently exceed $30,000 (typically ranging between $25K–$30K)
Monthly NNN rent: $2,300
Utilities: approximately $800/month
This is a turnkey opportunity to acquire a fast-growing, fully modernized restaurant in a high-traffic area with an excellent reputation and strong future potential.
The EBITDA value formula dictates that the market value of this business ought to be $315,000; whereas we have listed at a mere $169k.
Location
Province AB
County Red Deer
Interior
Inclusions Contact the listing realtor for the list
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by DreamHouse Realty Ltd.