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  Mimmos - East Rand  

 

PROFILE    
Description:    Comprised of a committed group of young, energetic and experienced entrepreneurs, this franchising team brings their own flair and expertise to all aspects of the concept. Today, as the largest Italian family restaurant franchise in South Africa, they still aim to be the best by ensuring that customerís expectations are met, and with this in mind they maintain their strategy of only opening new outlets in secure locations with seasoned operators. Joining fees and monthly royalties payable.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    East Rand
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 1 700 000
Conditions:    Excluding stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 560 000 per month
Profit:    R 60 000 per month
Annual Return:    42 % per annum
No. of Staff:    25
Year Established:    1997
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Leases in place. 1Ĺ Years plus option to renew.
Store Size: 220m2
Rent: R58,700 per month

  STAFFING  
Long serving loyal staff in place.

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

  MARKET and CUSTOMERS  
Long established business with loyal customer base.

  LIFESTYLE ISSUES  
Trading hours. Monday to Sunday: 10h00 - 22h00

  REASON FOR SALE  
Seller leaving the food industry.

  NON-DISCLOSURE AGREEMENT  
Non Disclosure document will have to be signed by any prospective buyer before business details are made available.

  AVAILABILITY of AUDITED FINANCIALS  
On request from seller.


 

 

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Record ID: 2698
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