15 Ringwood Drive 2, Whitchurch-Stouffville, ON L4A 8C1 (Main/Ringwood)
$ 199000 - MLS : N12797422

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Description

This offering is for a well-established Traditional Wild Wing Restaurant located in a prime shopping area of Stouffville, Ontario. The business is part of a mature, well-recognized Canadian franchise system specializing in chicken wings, proprietary sauces, and quick-service food products. Proven Concept: The restaurant operates within the casual dining sector, offering a mix of table service, take-out, and delivery options. The establishment is licensed to sell alcohol, providing a diversified revenue stream through food and beverage sales. The premises consist of approximately 1,289 square feet of rentable area situated in a busy project with ample free surface parking. Strong Brand Presence: The "Wild Wing" brand is a leader in its category, supported by a dedicated marketing and promotion fund designed to maximize public recognition. Financial Overview (Normalized): Total Annual Sales: Over $612,000. Annual EBITDA /Net Income: Approximately $133,000. The business features high-quality fixtures, furnishings, and specialized equipment required for system standards. The current lease term runs until October 31, 2028, with a 5-year option to extend. Franchise Support: Owners benefit from comprehensive initial training, ongoing operational advisory assistance, and access to a confidential, proprietary operations manual. Ongoing royalties are set at 5% of gross sales, with a 2% contribution to the national marketing fund. The chicken wing market in Canada is mature and highly competitive, making this an ideal acquisition for an owner-operator with strong management skills and business acumen. The sale includes all tangible assets of the franchised business, including leasehold improvements and equipment.

Location Description

Main/Ringwood

Property Detail

Facts and Features

Amenities

Listing Contracted With: RE/MAX MILLENNIUM REAL ESTATE