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White Spot Restaurant In Victoria For Sale

Victoria, British Columbia
Asking Price:
$450,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,600,000 (CAD)
Cash Flow:
$100K - $250K (CAD)

If you are interested in operating one of British Columbia’s most iconic branded franchise restaurants, here is a wonderful opportunity to purchase a completely renovated White Spot for less than half the price of a newly constructed franchised restaurant.

The 96-seat licensed restaurant has been a White Spot since 1998 and the location has housed a restaurant for more than 25 years. The business is completely turn-key and needs only a motivated owner /operator. Annual revenue was 1.6 million in fiscal year 2018 and is projected to grow to over 1.7 million this year. Normalized annual earnings under active management are projected to be close to $200,000. The price includes a mandated renovation.

White Spot attracts a wide demographic; from families with children, young couples to seniors - everyone feels comfortable at White Spot. We have a special place in the hearts and minds of our guests, many of whom have been dining with us for most of their life. And that’s because, White Spot is a place where they can truly feel 'at home'.

This a great opportunity for an entrepreneur who wishes to make an excellent income with the support of fantastic local brand.

Property information

Real Estate:

Lease

Lease Terms:

Square foot lease rate above includes triple net costs. Lease can be transferred and extended to the successful purchaser.

Leasehold Rent:

$97,000 (CAD) per annum

Location:

The business is located on Fort Street in Oak Bay and offers excellent access and parking.

Premises Details:

96 seat, 2900 square foot built to suit licensed restaurant. Continuously updated to franchise specifications. The current owner will complete the current franchise-mandated upgrade prior to purchase.

Business Operation

Expansion Potential:

A new owner / operator should be able to increase sales at this established location.

Trading hours:

Mon 6:30 am - 10:00 pm
Tue 6:30 am - 10:00 pm
Wed 6:30 am - 10:00 pm
Thu 6:30 am - 10:00 pm
Fri 6:30 am - 10:00 pm
Sat 6:30 am - 10:00 pm
Sun 6:30 am - 10:00 pm

Employees:
15 FT, 20 PT
Years established:
19

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise agreement provided by Franchisor

Other Information

Support & training:

Franchisor will provide training and support to qualified purchaser.

Furniture / Fixtures value:
$250,000 (CAD) - included in the asking price
Inventory / Stock value:
$6,000 (CAD) - included in the asking price

Contact Information

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