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$ 249,800
Est. payment /mo
Price Dropped by $39K
15 Ringwood DR #2 Whitchurch-stouffville, ON L4A 8C1
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Stouffville
MLS Listing ID N12637606
Annual Tax Amount $15
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
This offering is for a well-established Traditional Wild Wing Restaurant located in a prime shopping area of Stouffville, Ontario. The business is part of a mature, well-recognized Canadian franchise system specializing in chicken wings, proprietary sauces, and quick-service food products. Proven Concept:The restaurant operates within the casual dining sector, offering a mix of table service, take-out, and delivery options. The establishment is licensed to sell alcohol, providing a diversified revenue stream through food and beverage sales. The premises consist of approximately 1,289 square feet of rentable area situated in a busy project with ample free surface parking. Strong Brand Presence: The "Wild Wing" brand is a leader in its category, supported by a dedicated marketing and promotion fund designed to maximize public recognition. Financial Overview (Normalized):Total Annual Sales:Over $612,000. Annual EBITDA / Net Income: Approximately $133,000. The business features high-quality fixtures, furnishings, and specialized equipment required for system standards. The current lease term runs until October 31, 2028, with a 5-year option to extend. Franchise Support: Owners benefit from comprehensive initial training, ongoing operational advisory assistance, and access to a confidential, proprietary operations manual. Ongoing royalties are set at 5% of gross sales, with a 2% contribution to the national marketing fund. The chicken wing market in Canada is mature and highly competitive, making this an ideal acquisition for an owner-operator with strong management skills and business acumen. The sale includes all tangible assets of the franchised business, including leasehold improvements and equipment.
Location
Province ON
County York
Area York
Interior
Heating Yes
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes
ParcelsYN No
Listed by RE/MAX MILLENNIUM REAL ESTATE