Franchised Italian Family Restaurant In Pretoria For Sale

Business description

This well known franchise has been established for more than 10 years. It is fully manager operated with well trained and loyal staff. It is mainly a cash business with lots of loyal customers. Situated in an area with lots of feet.

Property information

Real Estate:

Lease

Leasehold rent:

R360,000 per annum

Location:

Situated in the East of Pretoria.

Premises details:

The business is situated in a very busy suburb in a centre with lots of feet.

Size in square feet:

185sq/m excluding the exterior. Restaurant seats approximately 150 people

Business Operation

Expansion potential:

More local advertising can be done as well as more deliveries.

Competition / Market:

One other more up market restaurant across the street and two other pizza places down the road.

Reasons for selling:

Owner also has another business and wishes to focus his attention there.

Trading hours:

One of the managers opens the business for breakfast shift. Business trades Monday to Thursdays from 6am - 10pm, Fridays and Saturdays from 6am - 11pm and Sundays from 11am - 10pm. It is not compulsory to open for the breakfast shift and can be decided by new owner.

Employees:

15 Kitchen staff members

Years established:

The business has been established since 1996.

Other information

Support & training:

Seller will be available for training

Financing available:

Seller will consider serious buyers with good deposits.

Furniture / Fixtures value:

R500,000 (included in the asking price)

Inventory / Stock value:

R70,000 (included in the asking price)