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Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

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

Bullboard Posts
Post by Ducky11on Apr 28, 2020 1:17pm
271 Views
Post# 30962647

maybe not such a crazy theory

maybe not such a crazy theoryOkay so someday in the future (hopefully soon) restaurants will be allowed to re-open.
The most popular of the restaurants (The Kegs and such) will see all kinds of interest because these are peoples favorites. The problem for them is these restaurants will not be able to run at the same capacity because of social distancing rules so they will have to turn business away.
The other issue will be long line ups, but really who wants to wait a couple of hours to be seated?
So these frustrated consumers will seek out other dining options such as Jack Astors.
Now prior to this virus thing Jack Astors was probably not running anywhere near full capacity and with the social distancing rules, we will no doubt see in the short term for restaurants, will probably mean all restaurants will only run at 50% capacity max.
Long story short same store sales should not take a huge hit for SRV but the same cannot be said for the Keg, their same store sales will be down big.
No all we have to worry about is Jack Astors possible going bankrupt.
Bullboard Posts