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Strong Volume Boston Pizza In Western Canada For Sale

British Columbia, Canada
Asking Price:
$410,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
Undisclosed

Boston Pizza is Canada's Number One Casual Diner. This is a great opportunity to buy a location that has historically achieved high sales volumes of over 3 million annually. The building is free-standing with great exposure, and parking and is in a very busy location. The restaurant has been serving the market for over 40 years, with a loyal clientele and staff ready for the next owner to take over. Excellent lease being under 6% of sales. Qualified buyers will need restaurant experience or an operating partner with the same. Boston Pizza's net worth requirements are $1,500,000 and candidates are required to submit an application to Boston Pizza for approval. NDA is required for detailed discussions.

Boston Pizza is a two-concept experience. A family-friendly restaurant and a sports bar. The 0% royalty on alcohol revenues provides an incentive to build the bar business. Boston Pizza's menu mix and national buying power provide industry-leading low food costs for better margins.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

5-year lease - July 1st, 2022 June 30 2027
Additional Renewals - 2 x 5 years

Leasehold Rent:

$120,000 per annum

Location:

Western Canada

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Retiring

Trading hours:

11 AM - 12 AM with late-night options

Employees:
45
Years established:
40+

Other Information

Support & training:

Boston Pizza has a great training program for up to 4 persons including the Operating Principle and General Manager. Kitchen Manager training is also available. Currently, the training is free, but travel, accommodations, and meals are the sole cost of the Purchaser. Training centre to be determined by Boston Pizza. The Owner is willing to provide store familiarization and support subject to negotiations between parties.

Inventory / Stock value:
$30,000 (CAD)
Relocatable:
This business can be relocated