Full Service Restaurant - Very Well Priced

Not Disclosed, Alberta


Asking Price: Annual Revenue:
$75,000 $620,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Full Service Restaurant - Very Well Priced Broker: Mark Hansen

Quick Facts

Asking Price: $75,000
Annual Revenue: $620,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 787462816
Broker Reference #: B495

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Business Overview:

Here is your chance to purchase the equipment and leasehold improvements of a franchised full-service restaurant chain for pennies on the dollar! If you are interested in opening your own independent full-service restaurant for a fraction of the cost, this is the perfect opportunity for you. This well renowned franchise FSR chain is not renewing their franchise agreement and thus the owners have the equipment and leasehold improvements for sale! Of course, you will not be keeping the franchise name, instead, you can re-brand your own restaurant here! Best of all, forget the franchise fees and royalty payments. The owners are asking $75,000 for the assets, estimated appraised value is $500,000. What a deal! Estimated liquid capital requirement for this acquisition is $43,650 outlined in our illustration document. This is all in, closing costs and down payment at the bank! The lease is expiring soon, but the sale will of course be conditional to a new lease satisfactory to yourself as the new owner! This is a fantastic opportunity for an up and comer entrepreneur. You won’t find a better deal. Please contact Team Hansen for further details. The full information package including specific location will be released upon receiving your signed non-disclosure agreement. The Seller are motivated to sell! Contact us now!

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Property Features and Assets:

Building Size: 2447.76 Square Feet Options to Renew: Two Options to Renew of 5 Years Each Option Base Rent: Current: $36/Square Foot. $7,343.28/Month. $88,119.36/Year (+ GST) Additional Rent: Estimated: $18.39/Square Foot. $3,750.13/Month. $45,001.56/Year (As of 2014) (+ GST) Total Rent: $11,093.41/Month. $133,120.92/Year (+ GST) Current Lease Term: 5 Years. September 2016 to August 2021 Lease Life: Extends to August 2031 Including the Options to Renew

Market Competition and Expansion:

Minimal

Reason for Selling:

Sellers Moving On

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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