Buying an existing Eggsmart

What Eggsmart says about existing stores

Under the heading “Existing Opportunities”, Eggsmart’s opportunities page lists two addresses, 864 Bloor St. W., Toronto and 710 Taunton Rd. E., Whitby, each followed by “Existing Store” (as published, read Oct 22, 2026). It states no price and does not say who is selling. Whether any Deavo card is one of those two stores is not established here. The page does not describe how a resale is approved, so that is a question to put to Eggsmart in writing.

Resale or new location?

Two kinds of Eggsmart listing can appear on Deavo. A resale is an existing restaurant advertised by its franchisee, or a broker acting for one, and its asking price is that seller’s figure. A new-location advertisement is placed by or for the franchisor, and Deavo marks it with a “New-location opportunity” badge; Eggsmart’s published development cost for opening a new restaurant is $820,000.00, which excludes working capital. An asking price is what the advertiser wrote, not a valuation.

What to ask about the transfer

Eggsmart’s published pages do not say whether the franchisor must consent to a transfer, what a transfer fee would be, or whether a resale buyer must complete training. Those terms sit in the franchise agreement, so ask for them before you commit. Who has to approve a franchise resale explains the two approvals that run on separate tracks, and the same questions apply to a transfer fee and to retraining.

Disclosure before you sign

Eggsmart is currently listed on Deavo in Ontario. Ontario’s Arthur Wishart Act (Franchise Disclosure), 2000 says the prospective franchisee must receive a disclosure document not less than 14 days before the earlier of signing the franchise agreement or any other agreement relating to the franchise and paying the franchisor or its associate any consideration relating to the franchise, subject to the exceptions in s.5(1)–(1.2) and the exemptions in s.5(7). One of those exemptions covers some grants by a franchisee, so for a resale it is worth confirming whether disclosure applies at all. What disclosure a resale buyer gets explains how the rule works when the seller is a franchisee rather than the franchisor.

Ontario’s Arthur Wishart Act (Franchise Disclosure), 2000 shows what such an exemption looks like. Section 5(7)(a) says the disclosure duty does not apply to “the grant of a franchise by a franchisee” if all four conditions hold: the franchisee “is not the franchisor, an associate of the franchisor or a director, officer or employee of the franchisor or of the franchisor’s associate”; the franchise is for the franchisee’s own account; in the case of a master franchise, the entire franchise is granted; and the grant “is not effected by or through the franchisor.” Section 5(8) adds that a grant is not “effected by or through” the franchisor merely because the franchisor has a right, exercisable on reasonable grounds, to approve or disapprove it, or because a transfer fee must be paid to the franchisor in an amount set out in the franchise agreement or not exceeding the reasonable actual costs incurred by the franchisor to process the grant. So buying an Ontario Eggsmart restaurant from its franchisee may come with no disclosure document at all; whether it does depends on the facts of the sale, which is a question for a franchise lawyer before you sign.