Excellent opportunity for one to step into a cash flowing Monday to Friday lifestyle fast casual business in Calgary.
This business was on the food network and has an excellent following in Calgary. The ownership pays his rent in 2 to 3 days of sales and is currently a corporate store. This business is open 8am to 2pm and is in the process of franchising their operation.
Rent is $6053 a month with two 10 year options and 3 years remaining and have a healthy relationship with the landlord.
This buyers must have $250k down to qualify and needs to be an owner operator who runs and manages the day to day business in order to be approved.
Here is some discretionary income breakdown of the 2019 financials. 2020 financials are complete however the business was closed for many months due to lock downs and is not an accurate reading of what it is doing today. As sales are consistent today with 2019 figures.
2019 financials and owners discretionary income:
$210,896 minus future royalties 5% = $47,224.95
$210,896 - $47,224.95 = $163,671.05 owners discretionary income.
2% marketing royalties will be factored in after one year and can work out an arrangement with the ownership.
Once NDA is signed the financials and location will be released to you.
Inquire for more details