Mr Mikes - Dauphin
Business Opportunity
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30840839 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
5,442 SF
|
| Sale Price: |
$1,499,000 |
| Name of Establishment: |
Mr. Mike's Dauphin |
| Franchised Business: |
Yes |
| Franchise Parent Name: |
Mr. Mikes |
| Year Business Established: |
2015 |
| Gross Revenue: |
$0 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Last Updated: |
5/28/2023 |
Overview / Comments
|
MR MIKES Steakhouse Casual (MR MIKES) is a franchise casual-style restaurant It was established in 2015. There are 17 Alberta locations, 17 BC locations, 4 Manitoba locations, 2 Ontario locations, and 5 Saskatchewan locations. They offer dine-in, curbside pickup and delivery. MR MIKES serve Canada AAA signature steaks, famous Mikeburgers, tasty pastas, big bowl salads, and house-branded wines and beers at a great value and have a daily happy hour. Buyer can either remain with the existing franchise group or bring their own concept to this well-built and well-designed restaurant space.
|
Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Other Business Interests |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$165,000 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$1,499,000 |
| Employee/Labor Description: |
The current ownership group is hands-off. A new owner does not need to have restaurant experience. If the new owner becomes the hands-on manager, at least one salary would be saved. There are 3 full time managers, and 20 part time cooks/wait staff/bartenders. |
| Mgmt/Training Support Description: |
Franchise training & support
Full Time manager would stay. Current owners would assist in transition |
| Competition/Market Description: |
Some of the local competition includes:
• Corrina’s on Main – 28-B Memorial Blvd
• Smitty’s Family Restaurant & Lounge – 1601 Main Street S
• Boston Pizza - 1450 Main St S,
|
| Seller Financing Description: |
n/a |
|
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