Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Well-established Proven Franchise In Courtenay For Sale

Courtenay, British Columbia, Canada
Asking Price:
$349,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1,500,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

Own 2 restaurants for the price of one, plus a 3rd brand included with presence on 3rd party delivery apps.
2 Proven franchisees under one roof sharing one kitchen. One full service restaurant with liquor license, the other a quick serve both sharing staff to greatly reduce redundant staff and minimize payroll during the slower day parts.
Serving Breakfast Lunch and Dinner

Recently renovated in 2021 with recent updates in 2023. All equipment is new and energy efficient which has reduced the gas bill by over 50% saving thousands a year.
Restaurant has been operating in the same location for 30+ years with a loyal following and a new 400 unit rental complex opening 100 feet away will help grow the business even more.
Some marketing and promotions will easily add more revenue.

seating currently configured for 108 licensed for 135, and one of the few restaurants in town that can handle large groups and with the kitchen maximized for speed of service it runs with fewer staff and quick turn times.
Recent changes to both menus have shown a reduction in 3%-8% food costs and reduced inventory on hand.

Located in a busy strip plaza anchored by a major big box grocery store with a service area of over 50,000 close to ferries and airport.
Over $225,000 in equipment and a smallware package to do 3 turns without having to worry about running out.
Usually around $10,000 in inventory not included in asking price.

Why go it alone when the franchise is here to help with menu development proven systems and 200 + units preferred vendor pricing.
Owners relocating

Property Information

Real Estate:

Lease

Lease Terms:

4 years remaining with 10 year

Leasehold Rent:

$185,400 (CAD) per annum

Location:

On the main road through the city close to airport and ferry
high traffic count located in the busiest plaza in town anchored by a major grocery chain big box store

Premises Details:

leased 4000 sq feet end anchor visible from main highway and customer facing as they enter the plaza

Size in square feet:
4,000

Business Operation

Competition / Market:

other restaurants on the other side of town we are the only full service in the general area of 2 km
other fast food competition in the area

Reasons for selling:

owners relocating to another province for personal reasons

Trading hours:

8-8 7 days a week

Employees:
28
Years established:
30

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

available upon request

Other Information

Support & training:

training provided by franchisor and owner willing to stay on for 3 weeks to help with transition

Financing available:

major banks partnered with the franchise

Furniture / Fixtures value:
$265,000 (CAD) - included in the asking price