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Ricky's Restaurant For Sale In Medicine Hat
Location: Canada -> Alberta -> Medicine Hat
Industry: Franchises > Food and Beverages

Business Summary

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 long established 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 $299,000, 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 at (587) 215-2245. 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.


Asking Price Range:  $250K - $500K
Gross Revenues:   $1,000,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1997
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Provided by Franchisor
Reason For Selling:  Retirement

Print Listing Id: 700377189
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