Franchised Restaurant Cora​ LaSalle​

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 [email protected]