Boston Pizza franchise for sale located in the heart of Kelowna, British Columbia. This is an opportunity to purchase a well-established location that did over $2.7 million in sales in 2022. The building is free-standing and centrally located in a fast-growing market, with parking and direct highway exposure. The location features a family-friendly casual dining room and a sports bar. The building is approximately 4988 sqft with 175 indoor seating capacity including an outdoor patio which has an additional 26 seats. Over $184,000 in equipment upgrades have been made since 2019, including a new pizza oven (2019), hot water tank (2022), AC unit (2022), and freezer unit (2022). Long-term lease in place (until 2029) that is competitively priced at just 6% of sales. Staff are fully trained and ready for the next owner. Two large condo developments are nearly complete directly adjacent to the site, providing immediate growth opportunities. There are several high rise developments within a 10 minute walk of the location.
Boston Pizza is Canada's leading casual dining brand with 385 locations across Canada. They offer professional training to new franchisees, provide ongoing training and support, and have award-winning national advertising campaigns. There is 0% royalty on alcohol revenues, providing incentives to build the bar business. Boston Pizza's national buying power provides industry-leading low food costs and low fees for third-party delivery services.
Kelowna is located in the heart of the Okanagan valley and in 2022 was the fastest growing metropolitan area in Canada with a population growth rate of 13.5% between 2016 and 2022. The city features an amazing waterfront, year-round amenities, and a warm climate. A rapidly expanding university and international airport promise to drive future growth in the area.
Qualified buyers are required to have restaurant experience and a net worth of at least $1.5 million. The buyer is required to complete a renovation upon taking over the location. Please reach out using the form below. Interested buyers are required to complete a confidentiality agreement.
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