Stephan Nanni
Montreal, QC (CAN)
Role(s):
Nanni & Associates
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Startup
Location:
Montreal
Industry:
Food Service/Restaurant
Year Founded:
1983
Number Employees:
INVALID
Description:
Management has an opportunity to purchase a successful 30 year old Canadian coffee franchise with 70 locations nationwide and 10 over seas.
Franchise generates approximately $1.6M in mixed revenues and has an annual EBITDA of approximately $550K. Total employee for head office are 6, including President.
The chain has recently launched it new look and 50% of the current locations are set for renovations within the next 2 years. 15 new locations under development and a Master Franchise discussion for Europe is underway.
Current management is willing to accept a balance of sale of $2.5M payable over 5 years. EBITDA will pay down the balance of sale. There are several interesting conditions to be disclosed upon formal interest. New management has considered the possibility of mergi