Listing ID: NBA-04042017

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Name and Location

 Airdrie, Alberta

Business Type

Asian Restaurant Franchise

Business Overview

About this Business

This highly competitive corporate store offers a unique blend of exciting dishes and fantastic customer experiences, ensuring solid margins for franchisees. With a Southeast Asian blend of flavours guests are treated to fresh, healthy and nutritious food prepared right in front of them by friendly well-­‐trained Wok Chefs.

Entrees are always hand prepared, never processed, and made without the use of MSG. This franchise believes in using only premium proteins that are ethically raised, and non-­‐GMO veggies that are delivered on a daily basis providing for the freshest of ingredients. All sauces are prepared in-­‐house without the use of preservatives. Dishes are prepared using a Wok over an open flame enhancing flavours distinct to this franchise. Menu items are routinely updated, with daily specials offered guaranteeing loyal guests are interested and keep coming back. Meal choices are easily customizable in a cost-­‐effective system, allowing for dietary requirements.

This franchisee started in Victoria’s BC’s Chinatown in 2001 with just a food cart and a great idea.  Now 16 years later, it has steadily grown to include over 10 locations across Alberta and BC. creating a vibrant energy in the community.

Features of this Business

With a competitive entry-­‐ level investment and a new restaurant design concept, this offering is an excellent value for your dollar. This corporate franchise is listed at far below the cost of developing a new franchise.

  • A new Franchisee should be prepared to go into this business with start up capital of approximately $50,000 – $60,000 (in addition to list price)
  • Fully operational franchise location
  • All potential franchisees must be pre-approved by the parent company.
  • Timeless designed stores with a smaller footprint allow for venues in a variety of great locations.
  • This franchise is designed to be highly competitive in urban and suburban markets, with locations easily accessible to all.
  • A new Franchisee must have the Eagerness to learn and succeed in the industry, the Enthusiasm to grow the business, and a Passion for great food.
  • Additional franchise locations are also available under separate cover.

Franchised? Yes
Reason for Sale: Owned Corporately need Owner/Operator

Business Premises and Location

This franchise located in Airdrie, AB, strategically located at a busy mall situated on an end unit, allowing the business to take advantage of street and pedestrian traffic.  There is plenty of parking available. Excellent curb appeal with modern décor, and comfortable seating arrangements offering table or bar style seating.

Real Estate or Lease:
Vendor Ownership: 
Lease details available upon completion of NDA agreement
Relocatable: No

Documents Available For Review (Subject to Offer)

Confidential Business Profile, Financial Statements, Lease Agreement, Asset List 

Operational Summary

Snapshot

Annual Revenue: $525,275. (2016)

Earnings: Not Disclosed

Assets: $200,000

Type of Sale: Asset

Information

  • Year Established – 2015

  • # of Employees – 10 incl. 1 Manager

  • Asking Price – $ 199,000

  • Vendor Financing – Not Applicable

  • Inventory – $4,500.00

Note: Annual Revenue and Discretionary Earnings are calculated using a 3-year averaging.

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