For Sale $399,000 - Franchise
Ricky’s Café is a place where friends and neighbors meet, business people lunch and families come for the food and service they know and appreciate. This Canadian family restaurant chain has been in business for over 50 years and continues to expand.
This Ricky’s Café is located in Burnaby in the new dynamic Solo District. This location is surrounded by a significant new high-rise development project with a mix of commercial and residential properties. With 1M square feet of retail space just steps away from the new Brentwood Regional Shopping Centre, the foot traffic is outstanding.
The restaurant is 3,025 square feet with security of a 25 year lease. This location is open 7 days a week from 7am-9pm and currently has a full staff in place.
This is an excellent opportunity to take over a newer corporate store and leverage the systems and success of the Ricky’s franchise brand. All of the hard work of setting up the store and building initial sales has occurred and the Franchisor is now 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 restaurant. Full service restaurant experience is beneficial.
The purchase price of $399,000 includes fixtures, fittings, equipment, and franchise fees. $10,000 in inventory is available. The Franchisor will provide a highly structured financial incentive model that will benefit a franchisee with immediate profitability, and as sales increase long term earnings growth.
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.