Cara, the company that owns Harvey's and Swiss Chalet, is now buying Original Joe's restaurants.)The Ontario-based owner of the Swiss Chalet, Milestones, East Side Mario’s and other restaurant chains is strengthening its position in Western Canada through a $93 million deal to acquire majority ownership of the Original Joe’s group.Cara Operations Ltd. of Vaughan, Ont., said Thursday it will acquire an 89.2 per cent stake in Original Joe’s Franchise Group Inc., which has 99 corporate, franchise and joint-venture restaurant-bar locations.The Calgary-based group is anchored by 66 Original Joe’s restaurants. It also has 23 State & Main locations, 10 Elephant & Castle pubs and a small general contracting company that designs and builds restaurant and retail locations.Original Joe’s corporate head office will remain in Calgary under the leadership of president and CEO Derek Doke, who will also be a minority owner of Original Joe’s Franchise Group through Franworks Franchise Corp., a management company founded in 2000.Cara CEO Bill Gregson told analysts on a conference call that Original Joe’s is a “natural fit” because of its strong management team

, the opportunity to grow profit margins through increased size and its presence in Western Canada.“We have been, historically, very heavy in Ontario and underrepresented in some of the other provinces,” Gregson said.Cara has about one restaurant per 21,000 people in Ontario compared with one per 59,000 people in Western Canada and one per 140,000 in Quebec, he said.The Original Joe’s acquisition will improve Cara’s penetration in Western Canada to one per 41,000 people and the pending acquisition of St-Hubert, announced in March, will raise its Quebec presence to one in 49,000.“So over the long term, that evens out the risk we have in any one area,” Gregson said.He added there will also be opportunities for Cara and Original Joe’s to improve their efficiencies.“We know we can help them, Day 1 after closing, on food costs without changing anything they do because of our purchasing power,” he said.He also noted there may be ways to lower Original Joe’s labour costs through Cara’s management techniques and to lower Cara’s building costs — especially in Western Canada — with Old Joe’s contracting company.

Original Joe’s Franchise Group will use $90 million from Cara to re-acquire its trademarks and royalty rights from Diversified Royalty Corp. handyman new york nyThis will allow Original Joe’s to retain about $12.6 million in annual royalty payments.business for sale schenectadyDoke said the opportunity to partner with Cara was attractive “from a strategic and synergistic perspective,” and puts Franworks in a solid financial position.business for sale nylstroomCara Operations, which currently has about 1,000 restaurants in its network, says its total system sales will reach about $2.7 billion after adding the Original Joe’s group and the St-Hubert chain.business for sale 3037

, each property of Toronto Star Newspapers Limited, One Yonge Street, 4th Floor, Toronto, ON, M5E 1E6. business for sale wodongaYou can unsubscribe at any time. one stop diy shop e cigarettePlease contact us or see our privacy policy for more information.business for sale mitchell qldThe file or script requested was not found on this server. If you typed in this URL by hand, please verify that you have the correct spelling and try again. The ongoing Elephant & Castle regeneration programme is one of the biggest and most ambitious ever undertaken in the capital. The project includes the creation of a pedestrianised town centre, market square, 5,000 new and replacement homes, up to 450,000 square feet of retail space, an integrated public transport hub and London’s largest new park for 70 years.

As offices, shops, restaurants, cafes and bars move into the area it will become one of the city’s most thriving and sought-after urban quarters. Living at BASE17, you will enjoy the best of all possible worlds: a friendly neighbourhood with a great community spirit in perfect harmony with twenty-first century urban lifestyles, right in the very heart of London. Here, in the heart of SE17, you’ll discover a great mix of old London character, new London culture and stylish living. Traditional London pubs sit alongside sleek cool bars; world cuisine and fine dining restaurants rub shoulders with fast food joints. Theatres, museums, arts and crafts, stores and boutiques – it’s all here, right on your doorstep. There are great travel connections available to you, the Elephant & Castle underground station which operates both Northern and Bakerloo line services is only a short walk from BASE17. For business commuting or fun days out in the capital, the City’s financial centre and the vibrant West End are only 10 minutes away by tube.

For rail travel nationally, or to Europe, there are easy underground links to King’s Cross, St Pancras, Waterloo and Paddington. Heathrow, Gatwick and London City airports are all within an hour’s travel of the tube station. The Elephant & Castle also has a National Rail mainline station, operating regular services to the South East and other regional destinations. For local travel or as an alternative to underground or rail transport, London Buses deliver a frequent and speedy service to the surrounding areas of South London and all parts of the capital. The buses also link to major hubs for coach travel to national and international destinations. Getting about by bike is ever more popular in London, so plans for a new ‘cycle superhighway’ linking Elephant & Castle to King’s Cross will bring real benefits in safety and travel time. Living in this up-and-coming neighbourhood you will see many changes taking place as the regeneration programme continues to improve the local landscape and facilities.