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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Photograph of Listing Agent

Steven Beal

Beal Business Brokers and Advisors
CPIX® Member
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