- Listing ID: 903998
- (Seller ref: 101287)
West Durban Franchised Restaurant For Sale
- Location:
-
- South Africa
- > KwaZulu - Natal
- > Durban
- > West Durban
- Category:
- Type:
Listed by:
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Summary
- Asking price:
- R2,275,000 (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- R6,103,447
- Cash flow:
- R81,142
- Franchise opportunity:
- Yes
- Years established:
- Established with the current owner for 4 years
- Employees:
- 1 General Manager, 4 Managers , 22 Kitchen Staff and 20 waitrons.
)
Business description
A large national chain with more than 60 stores countrywide. Situated in a prime shopping complex, this strategically positioned store is patronised by more than 11000 customers per month. The family restaurant which seat in excess of 170 patron at any given time often runs short of seating space during busy periods. With a great asset base & manager run, this makes an exciting opportunity at only R2.2m netting +R80,000 pm.
Property information
- Location:
- Situated in a prime shopping centre, offering patrons a smoking and non-smoking area
- Premises details:
- Current lease expires in 2010, with an option to renew for 3 or 5 years at 10% annual escalation
Other information
- Expansion potential:
- Hands on ownership and individual store marketing & promotions could take this restaurant to new heights.
- Support & training:
- Franchisor and seller will give training
- Reasons for selling:
- The owner has a few other business interests which would need a capital injection
- Trading hours:
- 7 days per week as per centre trading hours
- Furniture / Fixtures value:
- R1,409,406 (included in the asking price)
- Inventory / Stock value:
- R50,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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- South Africa
- > KwaZulu - Natal
- > Durban
- > West Durban
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