$ 325,000
Includes renovations, and FFE

Description

Ricky’s has been a successful restaurant brand for over 50 years. Serving breakfast, lunch and dinner with family friendly service, Ricky’s remains a Canadian tradition and neighborhood favourite.

This location has existed as a successful Humpty’s Family Restaurant for 25 years. This 2,300 square foot restaurant will go through extensive renovations and be rebranded as a Ricky’s All-Day Grill. Located on the main thoroughfare, 82nd Avenue, and adjacent to the Mill Creek, Strathcona and White Avenue Districts of Edmonton, this corner location has great visibility from the main street and is surrounded by other restaurants and shops.  There is a large residential area neighboring the restaurant.  This restaurant is also located within an 8-minute drive of the University of Alberta.

Rent at this location is very reasonable at $87,000 annually with a new 20-year lease in place.  The building exterior is also undergoing renovations to feature a brand-new look.

The investment of $325,000, plus any applicable taxes, includes the costs of renovations, fixtures, fittings, and equipment.  The franchise fee is $25,000 which includes training.

This is an excellent opportunity to take over a long term successful business.

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.

Features

Features:
  • Includes FFE
  • Prime Location