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Turn and Tender Restaurant

 

PROFILE    
Description:    Franchised. Manager run. This original started more than 40 years ago. The originators loved great steak and mouthwatering side dishes and wanted to create a place where friends and families can have the best steak. That is the principle that this brand was built on – and it’s still like this today. There’s great food, a friendly atmosphere and you will enjoy every moment. Joining fees and monthly royalties payable.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Mpumalanga RSA
City / Town:    Nelspruit
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 6 800 000
Conditions:    Excluding stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 1 600 000 per month
Profit:    R 144 000 per month
Annual Return:    25 % per annum
No. of Staff:    35
Year Established:    2016
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Leases in place for 4 years plus option to renew.
Rent: R85,000 per month.
Store Size: 450m²

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

  MARKET and CUSTOMERS  
Loyal customer base.
Popular type of restaurant for the area.

  LIFESTYLE ISSUES  
Trading hours. Monday to Sunday: 11h30 – 22h00

  REASON FOR SALE  
Seller has other business interests.
Currently manager run.

  NON-DISCLOSURE AGREEMENT  
A non-disclosure document must be signed by all prospective buyers before any business details are made available.

  AVAILABILITY of AUDITED FINANCIALS  
On request from seller.


 

 

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Record ID: 2700
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