Price: $475,000

Location: Fort McMurray

Province: Alberta

Industry: Food & Beverage

Description

Ricky’s All-Day Grill has been a favored restaurant brand for over 50 years and will be co-branded with Famoso Pizzeria adjacent to the Merit Hotel in Fort McMurray, Alberta.

Merit Hotel & Suites is ideal for short term or extended and long-term stays. The hotel offers services and amenities for a comfortable stay in the heart of Fort McMurray, Alberta. An easy drive to the oil sands region and within close proximity to dining, shopping and entertainment. The hotel offers spacious guestrooms in the heart of downtown Fort McMurray

This new restaurant and lounge, anticipated to open in the fall of 2024, will offer a fantastic opportunity to benefit from the success of each brand in one dual branded location.

This opportunity offers multiple profit centers including Ricky’s All-Day Grill, Famoso Pizzeria, takeaway, room service, and a lounge with VLT’s. Video lottery terminals (VLTs) are electronic gaming devices that are conducted and managed by Alberta Gaming, Liquor & Cannabis under the province's Gaming, Liquor and Cannabis Act.

Some of the highest performing restaurants within the FDF Brandz franchise group are those associated with hotels.

The Franchisor is looking for a full-time motivated owner/operator experienced in business, and in the full-service restaurant industry. Critical to your success is your commitment to the systems and standards involved in the daily operation of your restaurants.

The net investment of $475,000 includes fixtures, fittings, equipment, franchise fees and full training on both brands. Inventory will be additional.

Minimum cash requirement is $225,000, plus working capital.

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.

Once initial documents are returned specific details of the opportunity will be shared.

Business owners are not to be approached directly.

Location

Franchise: Yes

Summary

Terms and Conditions?:

Minimum cash requirement is $225,000 plus working capital

Reason For Sale:

New location

Training & Support:

Provided by Franchisor.

LISTING BROKER

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