Cultures - Upper Canada Mall, Newmarket

CAD $

499800

Upper Canada Mall is a shopping mall in Newmarket, Ontario, Canada. It is located on the northwest corner of the Davis Drive West and Yonge Street intersection. Upper Canada Mall is a 996,183 square foot super-regional shopping center that draws young families from one of the fastest growing and most affluent residential markets in the province. The mall is owned and operated by Oxford Properties, one of the largest shopping center development companies in.
 
Cultures Restaurants is a leader in the sandwich and salad quick-service industry in Canada. With over 55 locations across Canada and internationally, we have been serving light and delicious foods to healthy conscious customers for over 30 years. Our food is fast and fresh but we do not sell fast-food. All of our salads and sandwiches are made from scratch throughout the day from our kitchen.

Details

 

Years In Operation: 8 Years
Lease Term: Till June 2028
Average Annual Sales: $766,000
Annually Net Profit: $166,000
Utility: $900/Month, Water included in Rent
Rent: $13,155 T.M.I included + HST
Food Cost: 30%
Franchise Royalty Fee: 5%+3%
Wage: $5850/Month
Numbers of Employees: 2 Full Time + 5 Part Time
Operation Hours: Monday - Friday 10 am-9 pm
                              Saturday 9 am-9 pm
                              Sunday 11 am-7 pm
Space: 500 Sq. ft