Adega Portuguese Restaurant In Boksburg For Sale

Business description

This ADEGA Portuguese restaurant is on the market for a new owner(s). This top class restaurant has become one of the main culinary attractions in the Boksburg / Benoni suburbs. The business is still growing and aside from the normal franchise advertising process, word of mouth is adding to the growth of this particular restaurant which is one of the top if not the top restaurant in the franchise. The restaurant caters for the middle to upper class market segment and is well located .The business averages a turnover of R700k + per month with an average Nett figure of around R150k per month. The asking price of R 3.7 Million(Including stock) is well priced. Stock is estimated between R150 - 200k. All equipment was purchased new at setup which will allow for a long term operation before replacement or upgrades will be required. Only serious buyers will be entertained. This is an excellent opportunity or someone wanting to get into the restaurant industry .. in a leading store .. with a leading and growing franchise ! The Restaurant seats approx. 285 patrons ( smoking and non smoking ) and has a childrens play area facility. It is well supported by the local residents as well as the businesses in the surrounding area who mak euse of the venue for functions etc.

Property information

Location:

The Restaurant is located in a busy shopping centre opposite an affluent suburb of Benoni. There is ample parking for patrons as the business is located in a corner away from all other stores in the centre.

Premises details:

Well laid out and well presented store. Very upmarket furniture and layout / decor.

Business Operation

Expansion potential:

Business can be expanded by making provision for a breakfast menu and intensive marketing to businesses and residents in the surrounding area(s).

Competition / Market:

Usual competition in the area - but not in the class and market this business provides.

Reasons for selling:

Managing partner immigrating - other partner has numerous other business interests and cannot afford to run this business as he and his other businesses are in Pretoria.

Years established:

3 years

Franchise terms

Standard Franchise terms will be discussed with serious buyer

Other information

Furniture / Fixtures value:

R3,200,000 (included in the asking price)