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# 1082 – Ricky’s Franchise – $125,000

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This is an extremely well-located Ricky’s All Day Grill, located in a busy shopping center. It was one of the highest producing franchises in the chain, pre-covid. The lease and the franchise agreement have just been renewed for 10 years (expiring June 30, 2030. This business is well-priced as a renovation is required by head-office with an exciting new concept being rolled out. 

Sales: Gross sales: $1.5M per year pre-covid

Size in sq. ft. 3,244 sq. ft.

No. of Seats: 134

Number of parking stalls: Lots of parking in shopping center lot

Financing: Treat as clear title

Style of cuisine: Casual dining; exciting additional new concept being added with renovation

Customer Demographics: Wide range of ages; business people; shoppers; lots of regulars

Type of service: Table

Hours of operation:
10 am – 8 pm

Number of employees: 10 – 20 depending on the season – mixed full-time and part-time

Leasing information:

Rate per sq. ft.   $45 per sq. ft. base rent from April 1, 2021 – June 30, 2025

$50 per sq. ft. base rent from July 1, 2025 – June 30, 2030

C.A.M.  $9 per sq. ft.

Lease Term:  10 years, expiring June 30, 203           Option periods:  To be confirmed

Deposit held by Lessor:  To be verified

 


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