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Nino's Franchise Restaurant

 

PROFILE    
Description:    Franchised coffee and Italian styled restaurant situated in a major shopping centre. Good potential for an owner operator. Business being sold at R900 000 compared to the set up cost of R1,8 million. Franchise fee and royalties payable.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Randburg
Location / Area:   
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
PRICE    
Asking Price:    R 900 000
Conditions:    Including stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 220 000 per month
Profit:    R 22 000 per month
Annual Return:    29 % per annum
No. of Staff:    14
Year Established:    2013
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
There are 18 months remaining of the existing lease with the option to renew for 5 years.

  STAFFING  
There are 14 permanent staff and 8 waiters on commission.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Previous restaurant experience will be an advantage.

  MARKET and CUSTOMERS  
This is a high profile franchise brand in the market. This particular business has been well established at the shopping centre for three years and enjoys good passing trade.

  OPPORTUNITY for GROWTH  
As an owner run business there will be good growth possibilities.

  REASON FOR SALE  
The seller lives in the Cape and can not manage the business hands on which would have major benefits.

  NON-DISCLOSURE AGREEMENT  
A non-disclosure document must be signed before the business details will be made available.

  AVAILABILITY of AUDITED FINANCIALS  
Management accounts are available to a qualified buyer.


 

 

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Record ID: 2633
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