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The Brazen Head - Benoni

PROFILE
Description:		This is a franchised Irish pub and restaurant. Excellent store with good growth potential. No revamp required, just take over and trade with exist profits from day one. Expansion potential with outside area to be incorporated if required. Franchise joining fee and royalties payable.
Industry / Sector:		Restaurant and Bar




LOCATION
State / Province:		Gauteng RSA
City / Town:		Edenvale
Location / Area:
Portability:		Low Portability - Relocation is not possible. But there may be limited value in licences, patents, technology or access to clients and suppliers which would add value to a similar operation at another location taking over




PRICE
Asking Price:		R 1 680 000
Conditions:		Excluding Stock




FINANCIAL & OPERATING INFORMATION
Turnover:		R 615 000 per month
Profit:		R 60 000 per month
Annual Return:		43 % per annum
No. of Staff:		20
Year Established:		2014
Legal Persona:		- unknown or withheld -
Other Information:		PREMISES Current lease to expire 31 January 2019 with option to renew for a further 5 years. Current rental payable is: R82 000 per month including operating costs and water and electricity. Escalation at 8% per annum. Seating for 320 patrons. STAFFING Experienced staff in place and will remain. NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT Training will be provided by the franchisor. MARKET and CUSTOMERS Loyal customer base established. Situated in the ideal spot. OPPORTUNITY for GROWTH There is good opportunity for growth as the outside area has not yet been utilised. Area to be converted to play area for kids also available. LIFESTYLE ISSUES Trading Hours: 10h00 – late. License closes at 02h00 am. REASON FOR SALE Seller immigrating. NON-DISCLOSURE AGREEMENT Non-Disclosure agreement to be signed before any financial details made available. AVAILABILITY of AUDITED FINANCIALS Financials available direct from the franchisor on request and only after NDA has been signed. PROOF of FUNDING REQUIREMENT Interested parties MUST be able to demonstrate that they have access to the required funds to finance this purchase. The seller will not entertain any discussions or provide any details or documentation or accept any offer unless you first meet this criteria. You will need to provide proof of these financial requirements in your initial enquiry.

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Record ID: 2718

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