Koryo Korean BBQ- Eaton Centre

CAD $

500000

Koryo Korean BBQ is a Calgary based operation and proudly Canadian.The company was first opened in August 1998. In the past decade, we have expanded horizontally and built locations all across Canada. Gladly, we are now being recognized by the general public as one of the healthiest foods with a unique concept.
Currently, Koryo has built more than 15 locations across the provinces of British Colombia, Alberta, Saskatchewan, Ontario and Quebec. With our experience in operating these outlets, we are confident in our plans to continue to build 3 to 6 locations per year in Canada. As part of the MTY Group, Koryo Korean BBQ belongs to a network of over 2,500 locations worldwide under more than 25 different banners.

Details

 

Net Sales: $1.1 million/Year

Monthly Rent: $28k(T.M.I included)

Royalty Fee: 6+1%

Year in operation: 3.5

Lease term: 7 .5 years

Full time employee: 3

Hourly rate: $14 (total 70hrs biweekly)

7 days operation

Space area: 500 sqft

Over $200,000 Net Profit