Type: Ricky's Café Franchise
Years in business: franchise since 1962, this location one year
Ricky's Café is a place where friends and neighbors meet, business people lunch and families come for the food and service they know and appreciate. This Canadian family restaurant chain has been in business for over 50 years.
This Ricky's Café is located in Vancouver and is surrounded by new high-rises with a mix of commercial and residential properties. The restaurant is 3,025 square feet. This location is open 7 days a week from 7am-9pm and currently has a full staff in place.
This is an excellent opportunity to take over a newer corporate store and leverage the systems and success of the Ricky's franchise brand. All of the hard work of setting up the store and building sales has taken place and the Franchisor is looking for a full time motivated owner/operator with business management capabilities to continue operations. Critical to your success is your commitment to the systems and standards involved in the daily operation of your restaurants.
The purchase price includes fixtures, fittings, equipment, and franchise fees. The list price is $499,000. $10,000 in inventory is available. 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 60% 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.
Ken Wither, Certified Business Intermediary, Acuity Business Group
Commercial Real Estate Associate, Welstand Realty