Thi-Thi For Sale

[jwslam]

You can't do this to us, @That.Guy.S30

https://www.realtor.ca/real-estate/2...gary-chinatown

[That.Guy.S30]

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You can't do this to us, @That.Guy.S30

https://www.realtor.ca/real-estate/2...gary-chinatown

All good things come to an end my friend.

[buh_buh]

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All good things come to an end my friend.

[holden]

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You can't do this to us, @That.Guy.S30

https://www.realtor.ca/real-estate/2...gary-chinatown

So the new owners may open on Sunday? I hated coming downtown always to find it closed.

I assume the cost includes the secret recipe.

[ExtraSlow]

Only 10 of the 11 secret herbs and spices

[suntan]

The secret recipe is too much fish sauce.

[Xtrema]

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I assume the cost includes the secret recipe.

Consider they don't own the spot, that's all you are paying for.

[suntan]

200 orders X $10 X 20 days = $40000/mth in revenue.

[bjstare]

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Consider they don't own the spot, that's all you are paying for.

That's what I was thinking. $1MM asking price for a recipe book and brand.. the latter of which is surely going to be devalued to some extent immediately after sale when the customers realize it changed hands.

[diamondedge]

https://www.realtor.ca/real-estate/2...gary-chinatown

!??!!?!?

Apologies if I'm missing the OG news.

[LilDrunkenSmurf]

@That.Guy.S30 say it ain't so!

https://forums.beyond.ca/threads/411...06#post5068006

[JRSC00LUDE]

Oh no. This makes the potential of someone ruining it. I had better get to Calgary before it's too late!!!!!

[killramos]

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200 orders X $10 X 20 days = $40000/mth in revenue.

Asking price north of 2x annual revenue for a small business.

glwt

[88CRX]

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Asking price north of 2x annual revenue for a small business.

glwt

[suntan]

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Asking price north of 2x annual revenue for a small business.

glwt

There's a reason it's on realtor.ca

[max_boost]

All the best to them. Great people.

When my day comes I'll come to Beyond for the Panel's expertise

[killramos]

Valuing small businesses is notoriously difficult with an extremely illiquid pool of buyers.

[you&me]

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Valuing small businesses is notoriously difficult with an extremely illiquid pool of buyers.

Especially in the food service space.

The hail mary here for a buyer would be to leverage the brand for franchising, but I don't know if there's enough brand equity to make that viable...

Edit - I hadn't read the part about franchising in the description... Great. Now I'm thinking like a REALTOR©

[holden]

So there was a second location on Stephen Ave in the mid-2000's (forget when it closed) and plans to franchise back then I believe. It had lineups out the door at lunch.

I wonder why franchising didn't take off then? Too much work? 2008 GFC?

If I bought there would have to be a clause that the current owners agree to make an appearance at new store openings, lol.

[Manhattan]

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So there was a second location on Stephen Ave in the mid-2000's (forget when it closed) and plans to franchise back then I believe. It had lineups out the door at lunch.

I wonder why franchising didn't take off then? Too much work? 2008 GFC?

If I bought there would have to be a clause that the current owners agree to make an appearance at new store openings, lol.

I remember that. Was that a franchise location? Name was the same but not sure if related. I'm sure margins were super low especially back in mid 2000's b/c subs were $3.50 each and I'd get a half dozen at a time. I'm guessing margins aren't super high today either.


EDIT:

Cool they were in fact related - https://forums.beyond.ca/threads/943...i-sub-now-open!!!!!