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Portuguese Style Restaurant

 

PROFILE    
Description:    Franchised. Adega is a 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.
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 5 050 000
Conditions:    Excluding stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 1 000 000 per month
Profit:    R 175 000 per month
Annual Return:    42 % per annum
No. of Staff:    32
Year Established:    2007
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Lease to run for a further three years with option to renew.
Current rental at R 97,000 per month.
Premises size is 700m2 excluding kids play area.
Seating for 300 patrons.

  STAFFING  
Long standing and experienced staff to remain. The business is manager run.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Previous restaurant experience will be of an advantage.
Extensive training is given before take over.

  MARKET and CUSTOMERS  
Loyal customer base established due to the long number of years in existance.

  OPPORTUNITY for GROWTH  
The business will perform better with an owner operator. Good potential for venues etc.

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

  REASON FOR SALE  
Currently owned by the franchisor who does not have the time to operate the franchise and stores at the same time.

  NON-DISCLOSURE AGREEMENT  
A Non-disclosure agreement will have to be signed before any detailed information is made available.

  AVAILABILITY of AUDITED FINANCIALS  
Management accounts available.

  PROOF of FUNDING REQUIREMENT  
At least 50% owner contribution outside of financed funds.


 

 

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Record ID: 2766
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