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Listing ID: 2972025

A PRIME FRANCHISED RESTAURANT IN For Sale

Midrand, Johannesburg, Gauteng, South Africa

R 2,250,000

Revenue: R 900,000

Cash Flow: not disclosed

Business Description

A PRIME FRANCHISED RESTAURANT IN "MIDRAND"

SELLING PRICE: R 2,250,000.00 (includes all assets)

TURNOVER: R 900,000.00 k p/m

NET PROFIT: R 1,300,000.00 p/a

ADDITIONAL COSTS: Rental Deposit, Joining Fee and Opening Stock (stock value R125K)

DESCRIPTION: This 260 seater Restaurant Franchise is primely located in a busy and popular shopping Mall in Midrand. Its bold signage and first view as one drives into the Centre makes this outlet the most popular outlet in the Mall. It has a solid 11 year track record and is part of a successful Franchise Group. This Brand has won numerous awards for top Restaurant of the year for many years running and renowned for its Portuguese Chicken and Cuisine. This Prime Investment offers a great Return on Investment and is one the best performers in the Group. The business also has a well established client base which are regularly invited for promotions and specials. The store was recently revamped with new up-market Bar area. There is both spacious inside and outside seating. A Strong Management team currently in place allows the owner to focus on other core business issues. This outlet is one of the most profitable restaurants in the group however the Seller is emigrating to Australia.

Franchisee's benefit from the following:

More than 2 decades of industry experience.
Comprehensive Management and Staff Training
Supply chain and distribution
Ongoing operational support Franchise and Marketing support


HIGHLIGHT: This franchise has been established over 22 years and won the "Best of Johannesburg" competition 13 years running

PLEASE REPLY FOR FURTHER DETAILS.

MICHAEL: 081 762 1840 OR

EMAIL: info@globalbusinessbrokerssa.com

Property Details

Years Established:

11 Years

Property Type:

Lease

Inventory Value:

R 200,000

Other Details

Business Location:

Upmarket Shopping Mall

Operation Details

Employees:

32 Staff

Trading Hours:

Monday to Saturday 12 pm - 10 pm Sundays from 12 pm - 9 pm

Support & Training:

Full training will be provided with continues support from franchise

Miscellaneous

Reason For Selling:

Owner Emmigrating

Contact this seller

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