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Leading Franchise Brand Italian Restaurant and Grill

 

PROFILE    
Description:    A leading franchise brand Italian restaurant and grill. Newly renovated with a kids outside play area. Situated in a very busy strip mall.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Benoni
Location / Area:   
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
PRICE    
Asking Price:    R 2 950 000
Conditions:    excluding stock and franchise fee
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 924 000 per month
Profit:    R 120 000 per month
Annual Return:    49 % per annum
No. of Staff:    30
Year Established:    2010
Legal Persona:    - unknown or withheld -
Other Information:     
PREMISES
4 year lease in place with option to renew for a further 4 years.

STAFFING
Experienced staff to remain. Two managers on contract, which can be renewed.

NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
Experience in the hospitality industry will be a huge advantage.

MARKET and CUSTOMERS
The loyal customer base is drawn from the above average income area the restaurant is situated in.

REASON FOR SALE
Seller has various other business commitments and his part owner (72 years old) to retire

NON-DISCLOSURE AGREEMENT
A non-disclosure agreement will need to be signed before any dtailed information is supplied.

AVAILABILITY of AUDITED FINANCIALS
On request from seller.


 

 

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Record ID: 2530
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