For Sale $1,250,000 - Franchise, Restaurant
This franchised, full service sit down restaurant in Central Alberta serves a home style breakfast, lunch and dinner to a very loyal client base.
The restaurant offers 6000 square feet with seating for 220 guests. There are two private rooms which can be booked for meetings or special gatherings. There have been recent renovations completed. The closed kitchen has been well kept and the equipment well maintained. The current lease expires in 2021, with two five-year lease renewal options to 2031 available.
This location is open 7 days a week from 7am-10pm and currently has a full staff of 30 in place. The full-service restaurant is advantageous and there is additional opportunity to expand catering offerings. Social media marketing can also be improved. Current annual revenues are $2.25 million and continue to grow.
The current owners are heavily involved in the business and are willing to offer extensive training, along with support from head office. The buyer is expected to be a full-time owner/operator with business management capabilities to continue operations. Critical to your success is your commitment to the systems and standards involved in the daily operation of your restaurant. This is an ideal opportunity for a couple or a family run business.
The buyer will be required to be approved by the Franchisor and will be expected to have 50% of the purchase price as liquid cash, in addition to the $45,000 franchise fee.
The purchase price includes fixtures, fittings, and equipment. The list price is $1,250,000. $20,000 in inventory is available.
Potential buyers can contact Ken Wither at (587) 215-2245. After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, credit rating, and liquid cash available.
Once initial documents are returned specific details and financials of the business will be shared.
Business owners or staff are not to be approached directly.