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Prime Restaurant In Alberta For Sale

Medicine Hat, Alberta, Canada
Asking Price:
$135,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
Under $50K (CAD)

Proudly presenting the restaurant in Medicine Hat, available for purchase. We are looking for a motivated franchisee to assume the operations of this profitable location.

Build in 2019 The location boasts state-of-the-art equipment built to provide efficiency. Some of the pieces are still under warranty. The location features fully branded improvements up to restaurant standards. If you are thinking of a franchise opportunity in Medicine Hat, Alberta, look no further and save thousands.

The restaurant has been serving up the best wraps since 2019 and is now an established, nationally recognized brand. Franchisees benefit from a solid support system that has been tried and tested for over a decade. We are committed to quality, customer service , excellence and satisfaction.

Owner/Operator Model: The owner is expected to work at the location for at least 40 hours per week, and it is recommended to be heavily involved with the operations for the first 2–3 years.

The franchise will provide support and training for new staff and management, there is also staff that is willing to stay should the new owner require it. Multi-unit operators are welcome to apply but must provide a detailed operations plan. Partnerships are welcomed as well.

Disclosure of Financial Report & Franchise-Specific Details: All financial reports will be disclosed upon the signature of a franchise Disclosure Document (FDD) with respect to the franchising law in Alberta.

Property Information

Real Estate:

Lease

Lease Terms:

10 years lease with renewal options at 5 years.

Leasehold Rent:

$32,504 (CAD) per annum

Location:

Prime Location near to Highway, Near By Leisure center, Next to Indoor gaming center, Close proximity to Schools and Banks and other local business. Great Friendly neighborhood and in center of residential and industrial area.

Premises Details:

Located on Division Ave in Northlands, Close to Liquor Store, Tim Hortons, Shoppers Drug Mart and Indoor Gaming Center. Walkable distance is Leisure Center.

Size in square feet:
1127 SQ FT apx

Business Operation

Expansion Potential:

Current Owners have the right to entire Medicine Hat location for 10 years, which will be transferred to new owner upon purchasing the Franchise. Lots of Growth potential in Southern and Eastern part of the city as well. Also Downtown needs good Shawarma places too. Endless opportunities to expand in Medicine Hat and Near by locations as well.


Optin to include Breakfast as well and can keep it open late hours for Pizza as well.

Competition / Market:

No Competition in or around the area, This is the only good place for donairs (Wraps) in entire Medicine Hat. There are other restaurants outside the complex like Chinese Restaurant on 20th, Vietnamese restaurant on 8th, etc.

Reasons for selling:

Family emergency.

Trading hours:

Mon to Thu : 11:00 AM to 8:30 PM
Friday: 11:00AM to 10:00 PM
Saturday: 11:00 AM to 9:00 PM
Sunday: 12:30 PM to 7:30 PM

Options to start Breakfast line as well and the store can be kept open till late for Pizza Business as well.

Employees:
3
Years established:
5

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise or restaurant sale.

Other Information

Support & training:

Franchisor Head Office will train and ensure new owners are fully prepared to initiate operations. After the takeover HQ will continue to support the new owner for 1 month (30 days) with a full time employee at no cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$130,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD) - included in the asking price