B5810 - VR LONDON'S EXECUTIVE SUMMARY

THE COMPANY These businesses occupy prime food court locations in a major mall. Both Franchise locations have been operating profitably with an absentee owner for many years. They represent low risk as an investment for someone wanting to spend a minimum of time with the business or a manager's wages ($25,000.00 per store) could be saved by someone wanting to work in the business.

WHAT IS FOR SALE: The vendor is offering all of the Assets of the business for sale. This would include equipment, inventory, Franchise rights, the use of the name, licences, approvals lease, leasehold improvements and the on-going business.

DISCRETIONARY CASH is the amount of money that is generated by a business and is available to the owner to spend at his own "Discretion." It includes owners' wages, any profit the business makes, non-cash expenses (depreciation, etc.), one time or unusual expenses, an owner's personal benefits (personal car expenses, etc.), interest expense on money borrowed for capital additions or for the purchase of the business or any other nonessential expenses.

Business One Net Income $ 80,770.00 Managers Wage 25,000.00 TOTAL $ 105,770.00 Business Two Net Income $ 67,409.00 Managers Wage 25,000.00 TOTAL $ 92,409.00

Telephone: (519) 673-3197 • Fax: (519) 673-3199

Email: vrlondon@gtn.net

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