Fantastic Large Franchised Family Restaurant In Eastern Cape For Sale

Business description

A beautiful, newly revamped and fully licensed Franchise family Restaurant in the heart of a well known and popular coastal town in the Eastern Cape for sale. The restaurant has a seating capacity 252 and is located right on the beach. The business is fully licensed and serves all the traditional foods associated with its Franchise. The restaurant has just undergone a major revamp which includes new POS system, camera systems, improved seating areas and a new kiddie’s play area. This is a major bonus for any new owner

This restaurant has been trading successfully for the past 12 years and is extremely well known. It is the only type franchise in this popular Eastern Cape coastal town. Potential buyers please be aware that this is a very confidential sale and NO further information will be provided until a Non Disclosure agreement has been completed. This sale offers a fantastic opportunity for a change of lifestyle and to own one of the most popular franchises in South Africa.

Property information

Real Estate:

Lease

Location:

The restuarant is located right on the beach in a popular coastal town in the Eastern Cape.

Premises details:

The business occupies a 125 square meter shop. The shop consists of a large seating area and reception area, a smaller lounge and seating area, a pub area, an outside seating area, a kitchen, a store room, a small office, bathrooms and a secluded courtyard

Business Operation

Expansion potential:

This restaurant has just undergone a revamp which will automatically result in an increase in customers. The introduction of new product ranges by the franchisor and the franchisor’s aggressive ongoing national marketing ensures an almost unlimited future for the restaurant

Competition / Market:

This restaurant has just undergone a revamp which will automatically result in an increase in customers. There are other restaurants in the vicinity but this is only one of this type of franchise in the entire town. The high value of such a powerful national brand name ensures that customers will always be attracted to this restaurant

Trading hours:

Monday to Sunday
• Week days (09h00 to 22h00)
• Weekends: (09h00 to 23h00)

Employees:

51

Years established:

+-12 years

Franchise terms

Franchise opportunity:

Yes

The business does form part of a franchise group, and an initial joining fee in addition to the sales price plus monthly royalties will be required. Franchisor approval of the new owner is a requirement. The new owner will also be required to attend a 6 week training course held by the franchisor.

Other information

Support & training:

Full Training and Support will be provided by the Franchisor

Furniture / Fixtures value:

R1,000,000 (included in the asking price)

Inventory / Stock value:

R180,000

Related documents:

• 
• Prospectus

Relocatable:

This business can be relocated.