09-04-2017, 04:53 PM
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#121
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ALL ABOARD!
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The McKenzie Towne location is for sale for a half million. Not sure if it has a basement or not.
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Excellent opportunity to own a highly profitable Chicken on the Way franchise in the busy McKenzie Towne Centre, a great location across from Sobey's with excellent walk in traffic. This franchise is on the path of growth and is rapidly expanding locations in Alberta. Great opportunity to tweak to the buyers liking to further maximize sales and bottom line profit. This is a franchise purchase and assumption of the existing lease. A small fee is required to assume the franchise. The restaurant has high quality food systems and is in excellent shape. Current lease is $50.00 per sq.ft, plus ops costs of $6.00 per sq.ft. You will not be disappointed in this location and operation. Viewings are available through listing realtor only. Do not approach the restaurant staff please.
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https://www.realtor.ca/Commercial/Bu...McKenzie-Towne
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09-04-2017, 08:03 PM
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#122
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Franchise Player
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I wonder how much the small fee is?
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09-04-2017, 10:20 PM
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#123
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Franchise Player
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$50/sq-ft is massive. Wow
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09-04-2017, 11:19 PM
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#124
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The new goggles also do nothing.
Join Date: Oct 2001
Location: Calgary
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Why does $500,000 seem low to me?
I wonder what the profit from it would be.
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But certainty is an absurd one.
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09-05-2017, 12:53 AM
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#125
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Franchise Player
Join Date: Feb 2011
Location: Somewhere down the crazy river.
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Quote:
Originally Posted by photon
Why does $500,000 seem low to me?
I wonder what the profit from it would be.
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Maybe you only get the physical property and assets, but the franchise doesn't transfer over.
You could just rename it "Chicken in the Way", and be good to go.
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09-05-2017, 09:24 AM
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#126
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First Line Centre
Join Date: Feb 2010
Location: Calgary
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Quote:
Originally Posted by KTrain
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Is this post some kind of humblebrag about the new Build Studio location? 
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09-05-2017, 09:39 AM
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#127
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Franchise Player
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I wonder if Chicken on the Way is taking a hit from all the Korean chicken places opening in town.
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Quote:
Originally Posted by fotze
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09-05-2017, 09:52 AM
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#128
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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Quote:
Originally Posted by CliffFletcher
I wonder if Chicken on the Way is taking a hit from all the Korean chicken places opening in town.
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maybe and Popeyes too!
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09-05-2017, 10:37 AM
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#129
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Franchise Player
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Man...$56/sq ft plus 500k. That's gotta be 20-25k/month in rent plus overhead. You'd have to be doing a million a year just to earn a wage. Like $2.5-3k a day. I can't believe people buy that much chicken in McKenzie.
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09-05-2017, 11:38 AM
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#130
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by OMG!WTF!
Man...$56/sq ft plus 500k. That's gotta be 20-25k/month in rent plus overhead. You'd have to be doing a million a year just to earn a wage. Like $2.5-3k a day. I can't believe people buy that much chicken in McKenzie.
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Perhaps some of their Revenue Stream is....off the books.
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09-05-2017, 11:43 AM
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#131
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ALL ABOARD!
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Quote:
Originally Posted by OMG!WTF!
Man...$56/sq ft plus 500k. That's gotta be 20-25k/month in rent plus overhead. You'd have to be doing a million a year just to earn a wage. Like $2.5-3k a day. I can't believe people buy that much chicken in McKenzie.
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I've tried to help them as much as I could but I agree. They make great chicken and the price is right.
The lease is out of touch for this market. I wonder how much longer they've got before they can renegotiate.
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09-05-2017, 12:29 PM
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#132
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Franchise Player
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Quote:
Originally Posted by CliffFletcher
I wonder if Chicken on the Way is taking a hit from all the Korean chicken places opening in town.
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I suppose there is a chance; however, to the best of my knowledge, it is the only fried chicken place around (outside of the 7-11 which offers up some type of chicken and sobey I believe also offers up some fried bord) the area - closest kfc is off of bow bottom.
I'd have to assume that most of their clientele is living in mack towne/new brighton/copperfield
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If I do not come back avenge my death
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09-05-2017, 04:29 PM
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#133
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Franchise Player
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So you can rent an entire floor of an office tower for what it costs to rent a chicken on the way?
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09-05-2017, 04:30 PM
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#134
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Franchise Player
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Quote:
Originally Posted by bizaro86
So you can rent an entire floor of an office tower for what it costs to rent a chicken on the way?
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Now we know why there isn't a swingers club in the basement anymore
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09-05-2017, 04:56 PM
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#135
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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Quote:
Originally Posted by GGG
Now we know why there isn't a swingers club in the basement anymore
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Now we know why they needed a swingers club to supplement income to pay for that insane rent.
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09-06-2017, 07:23 AM
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#136
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First Line Centre
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Quote:
Originally Posted by Wormius
Maybe you only get the physical property and assets, but the franchise doesn't transfer over.
You could just rename it "Chicken in the Way", and be good to go.
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09-06-2017, 09:12 AM
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#137
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First Line Centre
Join Date: Sep 2009
Location: Calgary, Alberta
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Quote:
Originally Posted by Northendzone
I suppose there is a chance; however, to the best of my knowledge, it is the only fried chicken place around (outside of the 7-11 which offers up some type of chicken and sobey I believe also offers up some fried bord) the area - closest kfc is off of bow bottom.
I'd have to assume that most of their clientele is living in mack towne/new brighton/copperfield
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There is the new Fritou chicken place on 130th as their nearest competitor.
The franchise would transfer over but at 50 a square foot you would actually have to be making well over 1.5 million in sales to get decent return. I’m not abreast of food costs or margin there, but there will a royalty paid to the franchisor as well as a marketing fund payment. At a 500k cost it better have a bottom line of at least 125k or they are out of lunch when it come to EBITDA.
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09-06-2017, 09:19 AM
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#138
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Such a pretty girl!
Join Date: Jan 2004
Location: Calgary
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Quote:
Originally Posted by Northendzone
I suppose there is a chance; however, to the best of my knowledge, it is the only fried chicken place around (outside of the 7-11 which offers up some type of chicken and sobey I believe also offers up some fried bord) the area - closest kfc is off of bow bottom.
I'd have to assume that most of their clientele is living in mack towne/new brighton/copperfield
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There is a Fritou on 130th. A&W (sort of), and Nando's in Mahogany (not fried I know). I can't see how COTW is profitable with that lease, it never seems to be busy enough when I'm there. This also brings into question how some of the other businesses on High St are still open.
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09-06-2017, 10:24 AM
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#139
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ALL ABOARD!
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Quote:
Originally Posted by BlackArcher101
There is a Fritou on 130th. A&W (sort of), and Nando's in Mahogany (not fried I know). I can't see how COTW is profitable with that lease, it never seems to be busy enough when I'm there. This also brings into question how some of the other businesses on High St are still open.
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For comparison, the Edible Arrangements on High Street is also for sale. $195,000 and $35/square feet lease.
The frozen yogurt place was up for sale last year. I think around $100k.
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09-06-2017, 04:05 PM
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#140
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Franchise Player
Join Date: Dec 2011
Location: Calgary
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Quote:
Originally Posted by OMG!WTF!
Man...$56/sq ft plus 500k. That's gotta be 20-25k/month in rent plus overhead. You'd have to be doing a million a year just to earn a wage. Like $2.5-3k a day. I can't believe people buy that much chicken in McKenzie.
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I worked at that location right after high school for about 4 months. Even at its peak it wasn't pulling in anywhere near that. We'd do about $1500 on a good day.
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