Food & Drinks Business Assets For Sale - Alberta, AB
Co-Branded Franchise Restaurant or Assets in Cochrane, AB
This Cochrane restaurant facility can remain operating as Famoso/Ricky’s or is ready for the next great concept.
This location is currently operating as a Famoso Pizzeria & Ricky’s Breakfast Café and can be easily taken over in one of two ways: • You can join the Famoso/Ricky’s team and become a franchise owner offering Ricky’s breakfast and Famoso pizza in one location. Or • Existing assets can be purchased, and the space can be used to suit your own brand and menu, Located in a small sought-after community, just west of Calgary, this is a prime location within a commercial centre along two major town thoroughfares. There has been $450K invested into fixtures, fittings, leasehold improvements, equipment, and furniture over the past 4 years. This fully functioning restaurant will be acquired as is. This restaurant is comprised of 1835 square feet and houses 36-40 seats. For those that may consider operating a Ricky’s/Famoso franchise, the Franchisor is looking for a full-time owner/operator who can build the business. Critical to your success is franchise experience and your commitment to the systems and standards involved in the daily operation of your restaurant. Training costs and the franchise fee are included. A special economic package will be offered to the right applicant. This is also a great opportunity for a chef or businessperson looking to open their own restaurant, to purchase the assets if you are not looking to operate a franchise. The lease will be assigned and is subject to landlord approval. The annual rent is excellent at $88,000. The landlord is keen to maintain a restaurant is this space. This is available at a low capital cost of $75,000 including all equipment, fixtures, fittings, and furniture. Vendor financing is available for the balance of the investment. Potential buyers can contact Ken Wither to discuss your desire to be a franchisee or bring your food concept, menu and business plan. Business owners or staff are not to be approached directly.
Asking Price: Can$129,000