Sell-sideQ1 2026
Sold a four-unit QSR sub-sandwich portfolio in Southwestern Ontario
- Category
- Quick-service sandwich
- Market
- Southwestern Ontario
- Size band
- Portfolio transaction in the low seven figures
An owner approaching retirement engaged Zubair to exit a four-unit sandwich franchise portfolio. The financials had been kept clean, but lease term remaining on two of the four units was thin. We negotiated extended renewal options with the landlords before listing, then ran a confidential marketing process to a qualified buyer list. A multi-unit operator from a neighbouring territory closed the deal.
- Closed at 3.2× normalized EBITDA — above the regional median for the category
- Lease assignments completed in 47 days across all four units
- Franchisor approval secured in 51 days with no first-right-of-refusal exercised
Takeaway
Pre-clearing lease assignment before listing changes a franchise resale from 'maybe' to predictable. Sellers who do this almost always close faster and at higher multiples.
