1006 – Franchise Cafe – OFF MARKET
This franchise café serves an area with a population of 60,000 people. It has high visibility and lots of parking. The store is well laid out and kept very clean. The brand is well-respected and sought-after. Great opportunity for a hands-on operator to take over the established business and grow it! It’s priced at well-below replacement value so it WON’T LAST LONG!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross sales: $395,000+/- per year
Size in sq. ft.: 1,795 sq. ft. plus patio
No. of Seats: 60 plus 20 – 25 on the patio
Number of Parking Stalls: First-come, first-served basis in the parking lot
Style of cuisine: Coffee shop offerings; full franchise menu; beverages, baked goods etc.
Customer Demographics: Younger crowd; young moms; residents in surrounding neighbourhoods
Type of Service: Counter
Hours of Operation:
Monday to Saturday 6 am – 8 pm
Sundays 8 am – 7 pm
Number of Employees: 6 – with 1 full-time and 5 part-time
Rate per sq. ft.: $5,998 per month which includes rent, CAM and GST.
C.A.M.: Included in above monthly amount
Lease Term: 2.5 years left
Option Periods: Two 5-year options
Deposit held by Lessor: 1 month
Financing: Treat as clear title