This is an opportunity to acquire a franchise business delivering frozen ready-to-cook meals to seniors living in the Greater Toronto Area. The franchisee has an exclusive territory. All meals are sourced from the parent company which offers a full range of meals and special diet meals prepared based on consultations with dietitians and healthcare professionals.
The business has low employee turnover and effective marketing programs. It has demonstrated strong growth over the last five years at an average annual growth rate of 36%. Franchisees are required to pay no annual royalties and receive marketing support from the parent company for no additional cost. Through focus on high quality customer service and care, the business has built a loyal customer base which continues to grow. The company has trained delivery drivers who follow guidelines to prevent virus transmission and health risks. Following the pandemic, the business saw a surge in demand as high risk age groups stayed indoors and ordered meals online. Management expects the benefits of this increased customer base to benefit the business on a permanent basis going forward. The company has three freezer vans which are in good condition.
The opportunity is ideal for a private buyer seeking to acquire an easy to operate franchise with a brand name, growing sales figures, and an established client base.
Asking Price: $650,000
Revenue (FYE 7/31/2020): $1,247,000
Normalized EBITDA (2020): $ 148,000
Normalized SDE (2020): $203,000
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