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Big Smoke Franchise For Sale - Located in Square One Food Court

100 City Centre Dr -

Big Smoke Burger, Very Busy Location in Food Court of A Triple "A" Mall Square One. 

Trained Employees, All Want to Remain with New Buyer. Confidentiality Agreement Mandatory.
No Visits, No Questions, Be Respectful of Owner. Over 11,200 Customers served in December 2019,  this is a high traffic food court not for the faint of heart. You will work hands on and control all labour and purchases. The sale is a sale of chattels, asset's, fixtures, balance of franchise agreement, official sales reports for last 36 months.  All Chattels, Fixtures, Equipment, Assignment of Franchise Agreement, Sub-Lease transfer fees to Be Paid by the seller on completion. Buyer will pay legal costs.  
Upon inquiry, please include your full name, telephone number, best time to call. All Qualified candidates will need proof of funds available of $200,000 un-encumbered in hand as a minimum to apply for bank loan if required. The Landlord deposit is $68k, plus the Inventory of $10,000 is in addition to purchase price. 
 
 
HANDS ON OWNER OPERATOR SALARY ALTERNATE CALCULATIONS FOR DISCUSSION PURPOSES
*NOT an official financial statement      
Annual 2019 Net Sales        $   x,xxx,xxx.xx  
Mall Occupancy Costs        28.4%  
UTILITIES                     1.0%  
PURCHASES (COGs)       23.1%  
Misc       0.5%  
Wages       19.3%  
Royalty       5.5%  
Total Expenses       94.7%  
*EBITDA                                       *Forecasted FOR DISCUSSION PURPOSES ONLY   5.3%  
(add back owners pay)       
Forecasted Total Income *Hands On Owner Operator    $   xxx,xxx.xx 8.2%
*NOT an official financial statement      

Property Details

  • Property ID: 101454391
  • New Construction: No
  • Style: Business
  • County: Peel
  • Status: Active
  • Neighbourhood: Mississauga City Centre
Listed By Tom Tsambourlianos of CENTURY 21 Heritage Group Ltd., Brokerage*