Franchised Restaurant And Pub In Johannesburg East For Sale

Business description

Well located, franchised pub/restaurant with 16 years of history and goodwill. Has bulit up a good following of regular customers and appeals to working class. 3 supportive managers ensure good operation without the owner and are responsible for the daily opening and closing. Netting around R144k monthly! Bring your passion for industry, with some money to invest in a revamp and watch this franchise sore to new hights! You will require minimum 50% unencubered cash depsot and SERIOUS buyers only!

Property information

Real Estate:

Lease

Lease terms:

5 year with option to renew

Leasehold rent:

R648,000 per annum

Living accommodation:

Other venues are close, but none attracting the good clientele that this franchise has

Location:

Located off busy main road with plenty of activity

Size in square feet:

500 sq

Business Operation

Expansion potential:

Opportunity to invest in a revamp and take advantage of this perfect location to grown the site into a flagship branch which has a well establish operation team

Competition / Market:

Co exists with other food businesses in the centre

Reasons for selling:

Owner has had the franchise for +- 7 years and is seeking new opportunity. The owner has a family and this restricts him from spending the time he should on the business operation

Trading hours:

Monday to Sunday 930 am to 12pm

Employees:

+-16 Kitchen staff and 3 managers. Waiters are employed on a commission basis 3 very strong managers that handle to day to day opening, closing and full operation of the business

Years established:

16 years

Franchise terms

You will require minimum 50% unencumbered CASH to be approved by the brand and will unable to proceed if this is not available.

Other information

Support & training:

Head office training and induction into the brand.

Furniture / Fixtures value:

R1,500,000 (included in the asking price)

Inventory / Stock value:

R140,000 (included in the asking price)