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  Franchised Portuguese Restaurant  

 

PROFILE    
Description:    Well known franchised Portuguese Restaurant situated in a strip mall on one of the busiest main roads in Boksburg. The business is well established and known in the area. It is currently manager run and has the potential to perform even better if it is owner operated. Large kids play area. Joining fees of R300 000 included in the selling price.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Boksburg
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 7 300 000
Conditions:    Includes franchise joining fee
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 1 000 000 per month
Profit:    R 200 000 per month
Annual Return:    33 % per annum
No. of Staff:    35
Year Established:    2008
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Current lease in place to expire in 3 years with option to renew for a further 5 years. Current rental payable is R63 000 per month. Seating for 300 patrons.

  STAFFING  
15 permanent staff including 3 managers.
20 casual staff.
Currently manager run.

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

  MARKET and CUSTOMERS  
A loyal customer base already exists. There was a higher turnover of patrons during 2016 compared to the same period for 2015.

  OPPORTUNITY for GROWTH  
The business can perform at a higher level if it is owner operated.

  REASON FOR SALE  
The business is for sale due to the owner having emmigrated.

  NON-DISCLOSURE AGREEMENT  
A Non-Disclosure document will have to be signed before any details of the business will be made available.

  AVAILABILITY of AUDITED FINANCIALS  
All financial information is available.


 

 

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Record ID: 2657
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