A well-known Canadian franchise restaurant , located in LAVAL, owns a huge land and property, and good business. The asking price is $3,590,000 including $2,120,000 for land and building and $1,470,000 for business. The business could be sold separately.
The restaurant owns the land of 50,000 square feet: the restaurant is about 6,000 square feet, and the rest is now the restaurant's parking lot. The property has a great location, close to the high way entrance, and convenient transportation.
The restaurant has a 35-year history. The current owner has many years franchise experience. The current reliable manager has helped manage the business for 10 years, and the owner does not have to stay in the store for daily operation. The restaurant business is booming. In 2018, the business volume was $ 2,610,000 and in 2019 it reached $2,710,000. Now even in the event of covid-19, the business is very hot, and the take-out has 20 vehicles working. During normal operation, there are 80 employees, including 10 full-time employees. The new buyer will directly take over the franchise contract. According to the contract, new renovations would be finished before the end of December this year, at a cost of about $1,000,000. If only buying business, both parties will share the renovation costs.
The rent is 8% of the sales ,rental term is according to the contrat de franchise,franchise contract evrery 10 years, the present one is from 2012 to 2022.
The restaurant has excellent performance in the financial report and the buyer could easily receive the finance from the bank. The management is mature, without the need for the buyer to personally manage it.
In addition, the land are huge and could be used for real estate development. The project has huge potential and it is the first choice for investors.
Interested parties are welcome to call for details.
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