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Mary Brown's $420,000 North Barrie

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Join the fast growing Mary Brown's Chicken and Taters with 152 locations nationwideOver 40 years established in Canada. Has an excellent Rating with Very high reviews. This Store performance in the last 24 months has increased year over year. Join a great brand with amazing reviews and Bank Approved Brand Name. Certified Vendors with Skip The Dishes and including UBER Eats with sales on an incline. This store has 7.65% Growth reported from head office and is trending 2019 Ranked #72 out of 152 stores for reported sales, there is room for growth!  The 2018 reported Net Sales $775,000, the growth rank is 59th out of 152 stores, this is an excellent increase year on track for annual $833,000 for 2019 Year end forecasted. 
 
 
North Barrie Location:
2018 reported: $775,000 Net sales. 
Rent: $ X,XXX.XX   8.8%
Sq Ft: 1811
Net Rent:$ XX.XX  p.s.f.
TMI & CAM: $13.75 p.s.f.
Employee payroll: $ XXX,XXX   XX%
FOOD COST: $ XXX,XXX.XX   XX%
List Price: $420,000 
 
 
These are a great opportunity for someone to purchase both stores experiencing year-over-year percentage growth. All offers will be subject to due diligence and review of financials. Head office can verify sales as per HST reports. A non-disclosure agreement will be required. Current owner has several other businesses and companies much larger scale now offering these opportunities individually or a package for both locations.
 
Absolutely do not go direct to location for questions & do not ask the Staff any questions. absentee owner plus all staff would love to remain, please maintain professionalism. Any information please call Tom 416-520-3601 or send me an email Tom@FastRestaurant.CA the above numbers are accurate based on 2017 part year, 2018 full year and part of 2019. 
 
 
  NORMALIZED FOR DISCUSSION PURPOSES      
  *NOT an official financial statement  
  Net Sales based on 2018      $   775,588.00
  RENT     8.8%
  UTILITIES     3.6%
  FOOD COSTS       (Avg 32-35%)     33.0%
  Misc     1.2%
  Wages                  (includes owner paid $40k)   36.5%
  Royalty                (4% and Advertising 4% = 8%) 8.0%
         
  Forecasted Earnings Before Debt/taxes/amortization 8.8%
  *NOT an official financial statement      
  EARNINGS WITH OWNER OPERATOR HANDS ON 14%
         
     
 

Property Details

  • ID: S4514306
  • Status: Active
  • Building Size: 1811
  • Property ID: 101414411
  • Storeys: 1
  • Style: Restaurant/Food/Hospitality
  • New Construction: No
Listed By Tom Tsambourlianos of CENTURY 21 Heritage Group Ltd., Brokerage*