Franchise For Sale in Medicine Hat Alberta

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Rickys Restaurant For Sale In Medicine Hat

Location:Medicine Hat, Alberta

Category:Franchise

Asking Price:$399,000

  • Sales revenue : $1,000,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Rickys Restaurant For Sale In Medicine Hat

Business description

Ricky’s has been a successful restaurant brand for over 50 years. Serving breakfast, lunch and dinner with family friendly service, Ricky’s remains a Canadian tradition and neighborhood favourite.

This location has been in business for over 25 years and is the only location in the city of Medicine Hat. Located right off the Trans-Canada highway, the restaurant is surrounded by several hotels and a number of other businesses. The Medicine Hat Regional Hospital is also within walking distance.

Sales average between $75,000-$90,000 per month. With the current owners retiring, this is an excellent opportunity to take over a prime location that has been successful for so many years.

The investment of $399,000, plus any applicable taxes, includes renovations, fixtures, fittings, equipment, training, and the franchise fee.

Medicine Hat is a city of approximately 65,000 people and boasts the amenities of a larger city within a small tight-knit community. Medicine Hat holds the title of the sunniest city in Canada and enjoys warmer winters than many other Alberta cities. The city enjoys a reasonable cost of living with lower real estate and utility costs. This is a strong, family orientated community made up of hard-working people. Hiring capable, committed employees has not been a challenge for this restaurant.

Potential buyers can contact Ken Wither. Business owners or staff are not to be approached directly.

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. Franchisor is looking for liquid cash of a minimum of 50% of price.

Once initial documents are returned specific details and financials of the business will be shared.

Other Information

  • Franshise Terms: Franchisor is looking for liquid cash of a minimum of 50% of price.
  • Support Training: Provided by Franchisor
  • Reason For Selling: Retirement
  • Lease Terms: Lease held by Franchisor
Acuity Business Group
Enquiry form
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