How do I find a poke restaurant for sale in Canada?
Search business-for-sale listings under restaurant, quick-service and franchise headings as well as poke, check franchisor resale channels for branded shops, and ask brokers who work in food service. Once you find a shop, ask early about its fish and produce suppliers, its recipes and its equipment.
Poke shops are rarely filed under one tidy heading. A listing may call the business a quick-service restaurant, a healthy fast-food outlet, a bowl concept or a franchise unit, so a search for the single word poke can miss good shops. Decide whether you want an independent or a branded location, then search each neighbouring heading and save the searches so new postings reach you quickly.
Independents and franchise resales
An independent shop is usually listed by the owner or by a broker. A branded shop may be resold through the franchisor, which often keeps its own list of units for sale and may need to approve the buyer. Ask early what that approval involves. A related page covers what to check before buying a healthy fast-food franchise.
Where brokers fit in
Brokers who work in food service often hear about shops before they are posted publicly. Ask whom a broker represents, and treat the figures they give you as a starting point for your own checks. Be ready to sign a confidentiality agreement, since most owners share detail only after you do.
What the listing should tell you about the kitchen
Raw fish makes supply the first question. Ask who supplies the fish and the produce, whether supply is under written terms, and what happens to those terms when the shop changes hands. Ask who owns the recipes and sauces, and whether a franchisor controls the menu. Get an equipment list showing what is owned and what is leased.
- Which suppliers provide fish, rice and produce, and are they under contract?
- Who owns the recipes, the sauces and the brand?
- Is the equipment owned, leased or financed?
- How long does the lease run, and does the landlord need to consent to a sale?
Related reading
13 pages on the same subject, grouped by topic.
Buying
- Expert answerWhat should I check before buying a healthy fast food franchise?
- Expert answerWhat is an area development agreement?
- Expert answerWhat does “turnkey” mean in a restaurant listing?
- Expert answerDo the recipes come with a restaurant when you buy it?
- Expert answerWhat should a restaurant asset purchase agreement cover?
- Expert answerWhat is a restaurant takeover?
- Expert answerWhat should a holdback cover when you buy a restaurant?
- Expert answerWhat should I check before buying a sushi restaurant?
- Expert answerWhat should I weigh between buying a sushi restaurant and opening a new one?
- Expert answerWhat should I check before buying a Mexican restaurant?
- Expert answerHow do I work with a restaurant broker as a buyer?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are financial statements?
- 02Canadian Franchise AssociationIndustryInterested in Buying a Franchise?
- 03Restaurants CanadaIndustryRestaurants Canada - The Voice of Foodservice
- 04Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
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