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  Franchised Portuguese Restaurant  

 

PROFILE    
Description:    Well known and established major franchise brand Portuguese Restaurant. Business has been in present location since the centre's inception. Above average income derived from this business. Owner emigrating and the business will continue to prosper with an owner operator. Franchise fees and royalties payable.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Gauteng South
Location / Area:   
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
PRICE    
Asking Price:    R 3 500 000
Conditions:    Price excl. stock. Negotiable.
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 1 117 000 per month
Profit:    R 158 000 per month
Annual Return:    54 % per annum
No. of Staff:    25
Year Established:    2006
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Lease recently renewed. 4 Years with option to renew for a further 5 years. Current rental is R68 574 per month with an 7% escalation pa. Premises size is 285mē.

  STAFFING  
Loyal and experienced staff in place with this long established Restaurant. Staff to remain.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Previous experience in the catering or restaurant industry will be an advantage.

  MARKET and CUSTOMERS  
The restaurant has been in the shopping centre since the shopping centre's inception. Restaurant well known and frequented by loyal patrons.

  LIFESTYLE ISSUES  
The trading hours for the business:
    Monday to Sunday: 11h30 - 10h00

  REASON FOR SALE  
Seller is emigrating due to a very good business opportunity.

  NON-DISCLOSURE AGREEMENT  
All prospective buyers will have to sign a Non-Disclosure document before any detailed information will be forwarded.

  AVAILABILITY of AUDITED FINANCIALS  
Financials are available on request from seller.

  SALE CONDITIONS  
No seller finance offered.


 

 

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Record ID: 2684
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