Dros For Sale

Business description

Well established Dros in Vereeniging for sale. Turnover varies but the business averages around R1.1 Million turnover ( Vat incl ).Nett profit ranges between 13 - 17 % of turnover. The business can be streamlined. The asking price is R 4 Million plus stock which is around R 140 000,00.The potential buyer has to be approved by Dros head Office and a Joining fee of R 90 000,00 is payable to Head Office on acceptance. The owner will not entertain direct inquiries unless referred through the broker. The owner is selling due to ill health - is unable to pay attention to the business's day to day requirements ( advertising, promotions etc etc ). A supervisor has been appointed to work in the owners place due to his ill health ( not always as committed as an owner ).The asking price is negotiable and the seller will consider a serious offer.

Franchise terms

Prospective buyer has to be approved by Dros Head office. A joining fee of R 90 000,00 is payable on acceptance.Standard Dros franchise fees apply - will be explained to serious buyer.

Property information

Real Estate:

Lease

Lease terms:

Existing 5 year lease ( four years left ) plus 5 year option at agreed rental.

Location:

The store is located in a busy street.

Other information

Competition / Market:

The usual competitors ( other branded restaurants )- Dros has it's own niche market.

Support & training:

Successful buyer has to undergo 4 week training course provided by Dros Head office.

Reasons for selling:

Ill Health, The owner has lost interest due to hiss ill health and is concerned that the business will be affected.

Furniture / Fixtures value:

R1,900,000

Inventory / Stock value:

R140,000