This restaurant has been operating in the same premises for over 25 years. It has a very loyal customer base and is a pillar in the community. The franchisor is an all Canadian brand well recognized across the country. The premises is fully equipped and has a dining area and a lounge. The Owner will stay to insure a smooth transition and the staff is in place for a new owner to step right in. The franchisor support is incredible. This is a perfect opportunity for someone who has hospitality experience and wants to be their own Boss.
- Asking Price:
- $250,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $800,000 (CAD)
- Cash Flow:
- $75,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The is term left on the lease.
- Leasehold Rent:
-
$125,000 (CAD) per annum
- Location:
-
Located on a very busy street in a two user plaza with lots of parking. Exposure to the street is tremendous. Outdoor patio area.
- Premises Details:
-
5,000 square feet includes dining area, lounge, fully equipped kitchen, group meeting room
Business Operation
- Competition / Market:
-
There are smaller restaurants in the area.
- Reasons for selling:
-
Owner wants to retire
- Trading hours:
-
Open for breakfast, lunch and dinner - 7 days a week
- Employees:
- 15
- Years established:
- 1998
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
6% royalties
Other Information
- Support & training:
-
The national franchisor has been in business for 6 decades.
- Furniture / Fixtures value:
- $250,000 (CAD) - included in the asking price
