Oct 11, 2019 — Location: Stony Plain, Alberta
Type: Ricky’s Country Restaurant Franchise
Price: $240,000 plus any applicable taxes
Years in business: New location (franchise since 1962)
Ricky’s has been a successful family restaurant brand for over 50 years. Serving breakfast, lunch and dinner with family friendly service, Ricky’s remains a Canadian tradition.
This new Ricky’s Country Restaurant is located in Stony Plain, Alberta along Parkland Highway within a business plaza which includes several hotels, two churches and numerous other service businesses.
Currently an existing restaurant, this facility is being taken over by Ricky’s and will be converted into a new Ricky’s Country Restaurant. The franchisor is selling this location for the cost of the conversion, and including franchise fees and training within the list price.
The list price is $240,000 plus any applicable taxes and inventory at cost.
This is a unique opportunity to buy into the successful Ricky’s franchise at a fraction of the usual startup costs. There are currently 37 Ricky’s restaurants in Alberta with annual sales averaging $1.3 million.
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.
Business owners or staff are not to be approached directly.
Stony Plain is located 17 km west of Edmonton and adjacent to the city of Spruce Grove. With a population of 17,900, Stony Plain is one of the largest towns in Alberta. A growing community, Stony Plain services a surrounding population of more than 70,000.
Residents enjoy modern recreational facilities, three school jurisdictions, an extensive trail system, arts and cultural amenities and a vibrant, historic downtown core.