Newly Established Restaurant Seeking Loan in Toronto, Canada
Seeking funds to start franchise of a powerful global branded music-inspired brand in downtown Toronto.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 100 - 500 |
| Legal Entity | C Corporation |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Restaurants |
| Locations | Toronto |
| Local Time | 5:51 PM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
3.6 million
for
12.0%
annual interest,
5
years
(Native Currency: CAD 5,000,000)
Reason: To take out the existing bank loan ($0 used) and provide the balance of what the project needs to op...
View More
Collateral Available: USD 180 thousand
Includes physical assets worth
USD
72 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Business Overview
The brand started in the late 1970s and is now in over 70 countries with hundreds of locations. There were 2 successful locations in Toronto historically that were running for almost 40 years and 20 years respectively.
We are now seeking funds to open a new franchise location for this brand in downtown Toronto and start operations by next Spring.
When this brand opens franchises, they are busy. There is no build up, strictly busy.
We are now seeking funds to open a new franchise location for this brand in downtown Toronto and start operations by next Spring.
When this brand opens franchises, they are busy. There is no build up, strictly busy.
Products & Services Overview
This restaurant franchise is known for its entertainment, memorabilia and merchandise among being a very busy restaurant. This is a very well-known brand globally.
Assets Overview
Franchise fee for 10 years paid. Greatly extended exclusivity in the much greater Toronto area. There are some assets on site and art.
Facilities Overview
1 floor spanning 10,000 square feet plus over 2,000 square feet of rooftop patio. Total gross rent for the first couple of years is approx CAD 650,000. TMI of 500K. Plus reduced rent for year 1.
Capitalization Overview
The business currently has over CAD 1.3 million that has been invested. There is a bank loan / LOC available for CAD 2.8 million. There is 1 shareholder currently.
Recent Activity
-
Earlier than 15 daysSenior Investment Banking Executive, Investment Banking, Atlanta, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysCredit Professional, Dartmouth, Financial Consultant connected with the Business
-
Earlier than 15 daysDirector, Real Estate Consultancy And Investment, Lisbon, Corporate Investor / Buyer connected with the Business
Tags:
Newly Established Fine Dine Restaurant Seeking Loan in Toronto, Canada
·Newly Established Casual Restaurant Seeking Loan in Toronto, Canada
·Lend to Newly Established Fine Dine Restaurant in Toronto, Canada
·Lend to Newly Established Casual Restaurant in Toronto, Canada
·Newly Established Restaurant Seeking Loan in Toronto, Canada
·Lend to Newly Established Restaurant in Toronto, Canada
·Newly Established Fine Dine Restaurant Seeking Loan
·Newly Established Casual Restaurant Seeking Loan
·Lend to Newly Established Fine Dine Restaurant
·Lend to Newly Established Casual Restaurant
·Newly Established Restaurant Seeking Loan
·Lend to Newly Established Restaurant
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
3 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 63,500+ other businesses of all sizes.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses