An established and profitable franchise which has been operating since 1998 and is one of the top performing franchises in its chain in mid-west Canada. The established and profitable franchise (not a fast-food franchise) features strong historic sales and has performed very well during Covid.
The Business features:
- Strong loyal customer base (95% of which is “repeat” in nature)
- Excellent established location (24 years)
- Simple operating systems with no cooking
- Significant store renovation completed recently at a cost of approximately $180,000.
- Long-term lease and franchise agreement in place (franchise agreement expires in 2024,
and can be extended for at least 5 more years.
- Well trained staff and strong franchisor support system
- Current owner does not work full-time at the store and has hired a full-time manager
Sales and profitability have been historically strong. In 2021 (fiscal year), sales were approximately $1,300,000 with a cash flow of approximately $100,000.
The Company is being offered for $470,000 plus inventory (Inventory estimated to be $30,000).