Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > What a mess

<< Previous

Bullboard Posts

Next >>

Comment by logicandinertiaon Jan 08, 2021 1:39pm

89 Views

Post# 32255259

RE:RE:RE:What a mess

I think your last sentence is where I was going with that. On that franchise point, it can't escape sir that had they been franchised, most of the rent (for the franchisees) would have been covered . Their existing structure meant that they hit the maximum subsidy, whereas recipe and other more franchised businesses saw their franchisees secure rent subsidy for each location. The structure of being all corporate owned stores has been a huge disadvantage for sir Corp in this downturn.

Correct. owning an operating company much different than the royalty with its fixed terms. But I think sir management has seen the risks associated with being a private co against larger better funded peers. Could grow much faster than current structure imo.

<< Previous

Bullboard Posts

Next >>

ESE producing championship esports tournament for Riot Games