- Located in an up-market. secure and popular shopping centre
- Most major retailers represented
- Centre about to be extended with a much needed Phase 2 add on development
- Store trading for more than 12 years
- Based on the type of menu mix, the business has below average food costs, delivering above average GP’s
- Double deck layout with an approx. 330sqm total size
- Full liquor licence, with considerable seating outside
- Manager run with owner involved only about 30% of the time
- Strong head office support within a larger restaurant group
- Total number of staff inclusive of management and waiters – 32
- Average monthly sales / turnover for the past 12 months: +/- R1 030 000
- Average monthly Food Cost for the last 12 months: 37%
- Average monthly Gross Profit for the past 12 months: 63%
- Average monthly Net Profit (EBITDA) for the past 12 months inclusive of owners salary / drawings: +/- R140 000
- Owner heavily involved in other business interests and has reluctantly decided to sell this very profitable restaurant
- Asking price: R3.2 million (excl.stock.) +Franchise joining fee of R150k.
Further info will only be provided upon signing an NDA and Proof of Funds.
Contact Tony – 083 553 8886 or email tony@biz2sell.co.za