For Sale $399,000 - Franchise
Ricky’s All Day Grill has been a successful family restaurant brand for over 50 years. Serving breakfast, lunch and dinner with family friendly service, Ricky’s remains a Canadian tradition.
This Ricky’s All Day Grill is located in Courtenay within an outdoor shopping plaza, which includes a major supermarket. The restaurant is 4,000 square feet and seats 135. This location recently underwent a $200,000 remodel and upgrade. The restaurant is open 7 days a week from 7am-9pm and currently has a full staff in place.
Annual sales over the last three years have averaged $1.15 million with a cashflow of $127,000.
Located in the heart of Comox Valley on Vancouver Island, the City of Courtenay has a population of approximately 25,000. The City of Courtenay is the urban hub of the larger Comox community which includes a population of approximately 65,000. Courtenay is an innovate, vibrant and culturally diverse city that works together to provide opportunities and service making it a great community to live, work and do business. With beaches, rivers, and lakes, a ski and alpine resort and world class golfing the Comox Valley is known for its year-round recreation opportunities.
This is an excellent opportunity to take over an existing store and leverage the systems and success of the Ricky’s franchise brand. The Franchisor is looking for a full time motivated 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 restaurants.
The purchase price includes fixtures, fittings, equipment, and franchise fees. The list price is $399,000. $10,000 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. Franchisor is looking for liquid cash of a minimum of 50% of price.
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.