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The Brazen Head - Benoni

 

PROFILE    
Description:    This is a franchised Irish pub and restaurant. Excellent store with good growth potential. No revamp required, just take over and trade with exist profits from day one. Expansion potential with outside area to be incorporated if required. Franchise joining fee and royalties payable.
Industry / Sector:    Restaurant and Bar
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Edenvale
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 1 680 000
Conditions:    Excluding Stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 615 000 per month
Profit:    R 60 000 per month
Annual Return:    43 % per annum
No. of Staff:    20
Year Established:    2014
Legal Persona:    - unknown or withheld -
Other Information:     
PREMISES
Current lease to expire 31 January 2019 with option to renew for a further 5 years. Current rental payable is: R82000 per month including operating costs and water and electricity.
Escalation at 8% per annum.
Seating for 320 patrons.

STAFFING
Experienced staff in place and will remain.

NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
Training will be provided by the franchisor.

MARKET and CUSTOMERS
Loyal customer base established. Situated in the ideal spot.

OPPORTUNITY for GROWTH
There is good opportunity for growth as the outside area has not yet been utilised.
Area to be converted to play area for kids also available.

LIFESTYLE ISSUES
Trading Hours: 10h00 late.
License closes at 02h00 am.

REASON FOR SALE
Seller immigrating.

NON-DISCLOSURE AGREEMENT
Non-Disclosure agreement to be signed before any financial details made available.

AVAILABILITY of AUDITED FINANCIALS
Financials available direct from the franchisor on request and only after NDA has been signed.

PROOF of FUNDING REQUIREMENT
Interested parties MUST be able to demonstrate that they have access to the required funds to finance this purchase. The seller will not entertain any discussions or provide any details or documentation or accept any offer unless you first meet this criteria. You will need to provide proof of these financial requirements in your initial enquiry.


 

 

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Record ID: 2718
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