Fast Food Franchise in Saskatoon Mall Location For Sale

Business description

Recently opened franchise in high traffic location is for sale. More than 100K of leasehold improvements done in 2007. Equipment is less than 2 years old. Brand name franchise with multiple locations in Saskatchewan. Cost to purchase this business is considerably less than the cost to purchase and set up a new franchise location. High volume traffic. Business needs some marketing to boost its sales and complete marketing kit is provided by franchisor. Buyer would have to be approved by franchisor and attend new franchisee training.

Property information

Real Estate:

Lease

Lease terms:

8 years remaining on sublease from franchisor.

Leasehold rent:

$40,000 per annum

Location:

Located in a mall food court location.

Premises details:

About 400 square feet of space with plenty of seat

Size in square feet:

410

Other information

Expansion potential:

Revenues can be increased with proper marketing, consistent service will also boost sales over time.

Competition / Market:

Other fast food establishments in the food court area, one full service restaurant and a couple of coffee shops nearby.

Support & training:

Franchisor requires franchisee attend training at their center, present owner will assist in getting new owner oriented.

Reasons for selling:

Owner has personal family matters to attend to and has little time now to devote to the business.

Trading hours:

Mall hours generally 10-6, open some evenings until 9, Sunday afternoons

Financing available:

Buyer should be able to qualify for a Canadian Small Business loan.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$1,500 (included in the asking price)