Franchised Family Restaurant In Port Elizabeth For Sale

Business description

This business was established 8 years ago, and is part of a successful and rapidly growing national franchise.

The business is extremely well located in an excellent, very busy shopping mall.

With favourable operating hours, and a menu that focuses mainly on day time trade, this business is relatively easy to operate.

There is significant room for sales growth, and this business is assured to provide the buyer with an excellent return on investment.

This brand is showing strong sales growth nationally, even in the current econimoc climate. The Franchisor belongs to a JSE Listed company, and support and expertise from the franchisor is excellent.

Franchise terms

Normal terms & conditions associated with a large, national franchise.

Property information

Real Estate:

Lease

Lease terms:

Lease will need to be renegotiated with new owner - standard procedure in large shopping mall.

Location:

Prime location with extremely high foot count in an extremely established, successful shopping mall.

Other information

Expansion potential:

This business has genuine potential to grow. Firstly, trading hours can be extended slightly to capitalise on a large, presently untapped market within a short walking distance from the business.

This business needs a revamp, which will increase sales by 35% (National average sales increase after revamps!). Obviously profitability will also significantly increase over current stated levels in accordance with the sales increase. The revamp will cost approximately R700,000, which will push up the total investment to approximately R1,7090,000, including Franchisor up front fees.

Competition / Market:

Normal competitive conditions exist.

Support & training:

Handover from current owner, Franchisor training, and Franchisor support for new store owner.

Reasons for selling:

Current owner retiring & relocating due to ill health.

Trading hours:

Current trading hours 08h00 to 17h00, MOndays to Saturdays, with Sundays from 08h00 till 13h00.

Inventory / Stock value:

R30,000