The company plans to open three new cafés in the second quarter, located in Kanata, Belleville and Saskatoon.
The Allô! Mon Coco network currently has 39 franchised restaurants in operation, 38 of which are located in the province of Quebec and 1 in the Province of Ontario. The network has generated approximately $57 million in system sales in the last 12 months.
Master Mechanic is Equicapita's eleventh portfolio company acquisition, its first automotive aftermarket maintenance and repair service investment, second investment completed by Equicapita's Eastern Canadian office during its inaugural year of operations and third acquisition of a franchise business.
Last year, Recipe was one of the first companies in Canada to eliminate plastic straws from all of its restaurants.
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Founder and CEO, Ryan Smolkin Gives Back to Aspiring Post-Secondary Entrepreneurs.