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New Price Wok Box In Central Alberta For Sale

Alberta
Asking Price:
$290,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$575,000 (CAD)
Cash Flow:
$100,000 (CAD)

Feast your eyes, and your stomach, on another fantastic Wok Box franchise opportunity available exclusively through Team Hansen! This Wok Box is superbly located in a thriving Central Alberta metropolis, in which it has been strategically located within a high traffic area to appeal to the consumer! The success and prosperity of this location has been solidified by the outstanding annual revenue that it produces. The most recent fiscal year end displayed a very impressive $571,339 of annual sales. This is your chance to be the proud new owner of a high-volume location! This restaurant offers an excellent opportunity for a hands-on owner operator to step in and to take control of this fantastic business. A generous bottom line will be procured by a hands-on operator willing and able to control costs and overhead. You can purchase with confidence knowing that there is 10 years of remaining lease life with the option to renew. Contact Team Hansen for full details on this opportunity!

Property information

Real Estate:

Lease

Lease Terms:

Options to Renew: One Term Of 5 Years
Base Rent: Year 1 & 2 (Current): $38/Square Foot. $4,803.83/Month. $57,646/Year (+ GST)
Additional Rent: Estimated: $3,071.15/Month. $36,853.80/Year.
As of August 2018. (+ GST)
Total Rent: $7,874.98/Month. $94,499.76/Year (+ GST)
Current Lease Term: 5 Years. August 1, 2018 to July 31, 2023
Lease Life: Extends to July 31, 2028 Including the Options to Renew.

Leasehold Rent:

$94,500 (CAD) per annum

Location:

Located in a high traffic mall location

Premises Details:

1500+ sq.ft.

Business Operation

Reasons for selling:

Seller is relocating

Trading hours:

Mon to Sat: 11:00 AM to 9:00 PM
Sun: 11:00 AM to 8:00 PM

Employees:
1 f/t; 3 p/t
Years established:
2008

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Contact Team Hansen for details

Other Information

Support & training:

Contact Team Hansen for Details

Furniture / Fixtures value:
$275,000 (CAD) - included in the asking price
Inventory / Stock value:
$6,000 (CAD)
Administration / receivership:
This business is in administration / receivership

Contact Information

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