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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

Post by Robsopinionon Nov 03, 2021 10:48am
231 Views
Post# 34081999

Minimum wage increase

Minimum wage increase

Doug Ford announced a minimum wage increase yesterday effective Jan 1. A huge part of it was eliminating the server wage "discount" this will put extreme pressure on already struggling restaurants including SIR. 

Now this is two sided, on the one side we need the parent company solvent to continue to pay royalties. The second side though is that the only real response to this will be to raise menu prices. It also puts more money into the pockets of restaurant employees, who, from personal experience spend the highest percentage of their incomes in restaurants and bars. 

since we take our cut off the top line sales, as long as SIR remains solvent (likely) we will be able to drive more top line sales, and therefore the royalties that we receive. 

I sure am glad to be kn the side that earns off the top line than the one that earns off the bottom though lol. 

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