Franchise Steak Ranch For Sale

Business description

Very popular steakranch in Hermanus since 1999 only about 80m from the sea. The business is currently run by the FOH and BOH managers. The owners had to move back to Gauteng. The restaurant has a partly mountain and seaview. The asking price is R500,000.00, stock included.

Franchise terms

There is a once-off franchise fee payable of R60,000.00 to the franchisor over and above the asking price. Franchisor will offer training for new owners of 2 weeks in Cape Town. Royalties = 3% and advertising = .50% payable monthly on the turnover.

Property information

Living accommodation:

None

Location:

Situated in the mainroad and only about 80m from the sea. Has got a deck with a partly sea and mountain view.

Other information

Expansion potential:

Can attract more customers by persuing a delivery service; agreements with tourbus groups; more aggressive advertising;

Competition / Market:

This is a upper class steak ranch and the only other franchise also serving steaks in the area, is a Spur Restaurant.

Support & training:

Franchisor will offer training to new owners...Regular inspections/visits from the Franchise Kitchen Operation Manager to maintain standards. General Manager and FOH can run this store independently. Regular meetings with HQ also held for all franchisees.

Reasons for selling:

Husband got a good job oppurtunity and already moved back to Gauteng.........

Trading hours:

12H00-15H00 and 18H00-22H00 or till late

Financing available:

none

Furniture / Fixtures value:

R680,000 (included in the asking price)

Inventory / Stock value:

R30,000 (included in the asking price)