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Passive Profitable Franchise Restaurant In Toronto For Sale

Toronto, Ontario, Canada
Asking Price:
$400,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,200,000 (CAD)
Cash Flow:
$120,000 (CAD)

Owner with 50% stake in franchise looking to sell their shares. The restaurant is largely passive, with only 5 hours a week of management duties and a great manager in place.

The other partner is also passively managing the restaurant 5 hours a week.

Franchisors are well respected and experienced, with low royalties negotiated and low rent as well, with lots of marketing and operational support.

Buyers should have excellent credit.

Leave your email/ phone in your msg if interested, otherwise will not be contacted.

Property Information

Real Estate:

Lease

Lease Terms:

5+5 , only 1 year open so far.

Leasehold Rent:

$72,000 (CAD) per annum

Location:

Prime location in Downtown Toronto, consistent student population, near hospitals and offices.

Premises Details:

2500 square feet with 40 tables.

Size in square feet:
2,500

Business Operation

Expansion Potential:

the franchisee agreement encompasses the entire of downtown, 2nd locations or subfranchising opportunity is available.

Competition / Market:

no competition.

Reasons for selling:

ill health

Trading hours:

10:30 - 9pm, 365 days

Employees:
20
Years established:
1

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

8% Royalty

Other Information

Support & training:

Full training, and supporting franchisor

Furniture / Fixtures value:
$600,000 (CAD) - included in the asking price
Inventory / Stock value:
$5,000 (CAD) - included in the asking price
Home based:
This business can be run from home.