Culinary College Franchise In GTA For Sale

Business description

This renowned culinary vocational school provides professional chef training to students who wish to develop a career as chefs and cooks, as well as recreational cooking classes, corporate team-building events and catering. The school has provided culinary training for over 15 years and has seen revenue growth in recent years. The school is part of a larger franchise-type organization and receives direct leads, marketing and curriculum development assistance from the franchisor. The company has two employees: 1 full-time Admissions Director and 1 part-time Receptionist. Classes are taught by the current owners.

Fixtures, Furniture & Equipment are a fair market value estimate based on a third-party appraisal done in 2008. Estimated Cash Flow includes owner’s remuneration and is based on the assumption that one full-time and one part-time chef instructor are hired to teach the classes. If the owner would be a chef instructor, the owner’s remuneration would increase to approximately $151,000 (assuming a part-time chef role).

Training is to be provided by both the franchisor and the current owners so a potential buyer does not need formal culinary or educational experience or training. The successful new owner will be somebody who enjoys sales and marketing activities, as well as active participation in the community.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Seller wants to pursue other business interests

Employees:

1 F/T, 1 P/T

Years established:

15

Other information

Support & training:

Training will be provided by the seller and the franchisor

Furniture / Fixtures value:

$240,000 (included in the asking price)