Chez Cora, 7573, Boulevard Newman, Cecil-P.-Newman, LaSalle, Montréal, Agglomération de Montréal, Montréal (06), Québec, H8N 1X3, Canada
  • $239,000

Description

Cora, the first Quebec and Canadian chain of franchised lunch and dinner restaurants.​

A reputable brand with 125 locations in Canada.​

This Cora is ideally located on a boulevard passing from LaSalle to Montreal.​

The neighborhood is in development.​

The clientele is made up of families on weekends and varied during the week, including workers.​

The restaurant has been increasing sales for several years.​

The operation of this concept is easy and cost effective.​

You benefit from the franchise experience, from a training program, ​continuous guidance and support, tailor-made marketing plans.​

This business model is based on quality products and service.​

The farm is ideal for a single person, a couple or associates and schedules allow a real comfort of life.​

GENERAL INFORMATIONS​

  • Type of business: Restaurant​
  • Type of property: Sale of business / Business​
  • Name: Cora LaSalle​
  • Company website: chezcora.com
  • Facebook: Cora restaurant 139 142 likes​
  • Instagram: 7,491 subscribers​
  • Pinterest: Chez Cora / At Cora​
  • Reason for sale: Family reason​
  • Equipment list available: Yes​
  • Date, deed of sale signature and occupancy period: minimum 30 days after acceptance​
  • Implication of the seller after the sale: It will be the franchisor who will accompany the buyer​
  • Financing conditions by the seller: Assistance with the financial set-up of BluuGlass, possibility of the seller’s balance of sale and a participation of MayDay Strategies.​
  • Included in the sale are: 1° the franchise name; 2° the traffic; 3° all rights and privileges related to the identification of the business (telephone number, signs, advertising, etc.); 4° all movable property, appliances and equipment used for the operation of the business.​
  • The following are excluded from the sale: 1° accounts receivable; 2° accounts payable and debts; 3° bank accounts; 4° movable property and stocks of goods on consignment (coffee machine); 5° devices and equipment that are the subject of a rental contract (bank terminal); 6° all stocks of merchandise in addition +/- $ 9,000.

COMPANY DESCRIPTION​

  • In operation since January 2001, November 2016 with these owners​
  • Stage of development: Growth​
  • Particularity of your business: Chez Cora, 1st Canadian restaurant chain specializing in breakfasts and lunches. Founded in 1987. +125 restaurants in Quebec and Canada.​

HUMAN RESSOURCES​

  • Management team: 2 Owners​
  • Number of employees: full-time: 7, part-time: 5, stable team​

MARKET​

  • Market description: Very buoyant market for lunches​
  • Clientele: Rather family-oriented, with business during the week​
  • Financial situation and forecasts: Excellent and growing strongly for delivery
  • Market opportunities: Constant progression of this type of concept and meal, many constructions of condos and seniors’ residences.​

BUSINESS HOURS​

  • Monday to Saturday: 6:00 a.m. to 3:00 p.m.
  • Sunday: 7:00 a.m. to 3:00 p.m.​

FRANCHISE​

  • Deadline: 2031, Royalties: 6%, Advertising: 3% (including 1% local)​
  • Franchise renewal option: 2 x 5 years​
  • Conditions: Evaluation then 5 weeks of training

LOCATION DESCRIPTION​

  • Location: Small Shopping Center with independent exterior entrance​
  • Style: Commercial space in row​
  • Area: 3470 pc​
  • Monthly rent: $ 4,627 Net + property taxes and operating costs $ 1,573​
  • Base rent / pc: $ 16 / pc​
  • Lease: April 7, 2016 to April 6, 2026 + renewal options 2 x 5 years​
  • Included in the Rent: Snow removal​
  • Very large outdoor parking spaces​
  • 126 seats​
  • Large hoods​
  • Frying: Yes​
  • Alcohol permit: possible​
  • Close to Carrefour and Parc Angrignon

MARKET RESEARCH​

Location Strong points

  • Daycare centers 10/10, Public transport 9/10, Car friendly 9/10, Grocery stores 9/10, Parks 8/10, Elementary schools 7/10, Convenient for pedestrians 7/10, Shopping 7 / 10, Bike friendly 6/10, Restaurants 6/10​

Population​

  • Population (2016): 76,853​
  • Population change between 2011 and 2016: + 3%​
  • Population density: 4,675 inhabitants / km2​
  • Population by age group: Average 42 years old, <15 years 16%, 15 to 24 years 11%, 25 to 44 years 26%, 45 to 64 years 27%,> 65 years 20%​
  • Household income: Average $ 64,110, Less than $ 50,000 48%, Between $ 50,000 and $ 80,000 25%, Between $ 80,000 and $ 100,000 10%, Between $ 100,000 and $ 150,000 11%, Over 150 000 $ 6%​
  • Profile of private households: Average 2.3 people, Households with 1 person 36%, Households with 2 people 30%, Households with 3 people 15%, Households with 4 people 12%, Households with 5 people and + 6%​
  • Type of families: Couples without children at home 34%, Couples with children at home 43%, Single-parent families 23%​
  • Housing occupancy: Proportion of owners 40%, Proportion of tenants 60%​
  • Housing construction: Before 1960 25%, From 1961 to 1980 50%, From 1981 to 1990 10%, From 1991 to 2000 7%, From 2001 to 2010 4%, From 2011 to 2016 3%​
  • Type of housing: Single-family houses 4%, Semi-detached or row houses 8%, Buildings with less than 5 floors 85%, Buildings with 5 or more floors 4%​
  • Education: University 25%, College 17%, Secondary 26%, Apprentices or trades 12%, No diploma 20%​
  • Immigration: Non-immigrant population 63%, Immigrant population 37%​
  • Languages ​​spoken: French 42% English 36%, Other languages ​​22%​

​FINANCE

October 31, 2019

  • Sales $ 895,094​
  • Gross profit $ 605,568 68%​
  • EBITDA (profit before tax, plus interest on long-term debt, plus amortization = $ 8,011​
  • Associate salaries with payroll taxes and benefits: $ 48,000 x 2 + insurance $ 6,000, + travel, entertainment, telecommunications, food and miscellaneous expenses = $ 120,630​
  • EARNINGS before compensation and shareholder benefits = $ 128,641 ​

October 31, 2020

  • Sales $ 544,475​
  • Gross profit $ 386,925 71%​
  • EBIAA (pre-tax earnings, plus interest on long-term debt, plus amortization = $ 51,153​
  • Associate salaries with payroll taxes and benefits: $ 48,000 x 2 + insurance $ 6,000, + travel, entertainment, telecommunications, food and miscellaneous expenses = $ 119,656​
  • EARNINGS before compensation and shareholder benefits = $ 170,809​
  • Bank name: TD Canada Trust​
  • Line of credit amount: $ 10,000​
  • Credit card limit: $ 5,000​

Contact for visits

Appointment preferences: outside opening hours, after 3:00 p.m. Monday to Friday
Discretion requested

Stanislas Didier
Founding President
Canada : +1 514 618-9165
France : 07 66 37 69 66
sdidier@maydaystrategies.com
Benjamin Espaze
Real Estate Broker
RE/MAX L’ESPACE
514 581-9116
  • City Montréal, Montreal
  • Province Quebec
  • Area Lasalle
  • Country Canada

Details

Updated on September 2, 2021 at 8:53 am
  • Price: $239,000
  • Area: 3470 Sq.Ft
  • Category: Restaurant
  • Loyer - Rent: Monthly rent: $ 4,627 Net + property taxes and operating costs $ 1,573
  • Bail : April 7, 2016 to April 6, 2026 + renewal options 2 x 5 years

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