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  Piatto Restaurant and Grill  

 

PROFILE    
Description:    Franchised. This restaurant offers a superb combination of great Mediterranean food, with stunning views. The restaurant has both an outside deck and an inside undercover deck area overlooking a golf course. This is a solid business that requires a good operator. Joining fees and monthly royalties payable.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Alberton
Location / Area:   
Portability:    Low Portability - Relocation is not possible. But there may be limited value in licences, patents, technology or access to clients and suppliers which would add value to a similar operation at another location taking over
PRICE    
Asking Price:    R 3 900 000
Conditions:    Negotiable
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 1 200 000 per month
Profit:    R 120 000 per month
Annual Return:    37 % per annum
No. of Staff:    25
Year Established:    2007
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
A 3 year lease remaining with the option to renew for a further 5 years.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Previous restaurant experience will be an advantage.

  MARKET and CUSTOMERS  
This business has a loyal customer base which has been established over a 9 year period.

  OPPORTUNITY for GROWTH  
Good growth potential with an owner operator. The business is currently manager run.

  LIFESTYLE ISSUES  
Trading hours are.........
  -   Monday to Friday: 10h00 23h00
  -   Saturday / Sunday: 08h00 23h00

  REASON FOR SALE  
The restaurant is owned by the franchisor who has various other business interests to manage.

  NON-DISCLOSURE AGREEMENT  
A non-disclosure document will need to be signed before details of the business are made available.

  AVAILABILITY of AUDITED FINANCIALS  
Available on request from seller.
 

 

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Record ID: 2650
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