Lower Mainland Restaurant for sale: Business only Business Only

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• Property Valuesold for
  $599,000
• Property AddressBoston Pizza, Business only, Lower Mainland, BC, Canada
• TypeRestaurant

• BedroomsBusiness Only

Boston Pizza, Business only, Lower Mainland, BC, Canada

Description

Stunning and profitable Boston Pizza. Three Excellent Lower Mainland locations available. Prices range from $649,000 to $769,000.
Potential buyers must be approved by Boston Pizza and do a 2 month training course at their expense at the Richmond Boston Pizza.
Boston Pizza is recognized as one of the premier casual dining restaurants in Canada. Call for details and full package.

These Boston Pizza is located in the fast growing areas of the lower mainland.. Many new multi family residential units are being built.
This Boston Pizza restaurant location offer a casual dining setting with over 100 menu items, including gourmet pizzas made with their signature hand pressed dough and signature sauce. They also serve a wide range of pastas, appetizers, salads, entrees and desserts. The restaurant is perfect for families, teams and groups of all ages. The sports bar has 8 65” Samsung HD TV’s, 4 75” Samsung HD TV’s plus a 240” projection screen to catch all your favorite games. Boston Pizza has more locations, serving more guests annually, than any other casual dining concept in the country. It is recognized as one of the top casual dining franchises in Canada with a strong delivery business.
Potential franchisees must be approved by Boston Pizza and take a 8 week training course at the Richmond location. The transfer fee is $30,000.

Features

THE LEASE on one store is as follows:
Low net rent of $105,000/annum with 9 years remaining on existing lease with two 5 year options.
Lease Year Annually Monthly
11-14 $ 105,000.00 $8,750.00
15-20 $ 110,000.00 $9,166.67
Average Boston Pizza rents in the lower mainland are $30/sf net rent on average. This location is paying only $18.42/sf net rent.

Listing Provided By

Iain MacDonell Remax Select properties