Franchised Seafood Take Away And Restaurant For Sale

Business description

This is a well known brandseafood restaurant and takeaway specialising in fish, calamari,
prawns as well as salads and burgers. A large part of the business is takeaway, however
the restaurant is popular at lunch times

The franchise openedin the current premises 10 years ago. The current owner has had the
business for the past 7 years

The shop is open from 10am to 10pm 7 days a week. Sauces and packaging is supplied by
the franchisor. Other supplies are procured locally. Recipes and training are provided by
the Franchisor.

Immediate competitors in the area are Macdonalds, KFC and Debonairs. These however
tend to attract customers to the area.

There does seem to be an uptick in business over the school holidays, however thsi is not
significant.

Property information

Real Estate:

Lease

Lease terms:

Favourable terms and renewable for 3 / 5years optional

Leasehold rent:

R207,324 per annum

Location:

Located in a busy hub, this is the place for fast food in town - very visible and easy accessibility

Business Operation

Expansion potential:

An upgrade to the shop is sure to increase turnover by at leaset 20%
A popular, well known franchise. Very well positioned next to other strong fast food brands.

Competition / Market:

Immediate competitors in the area are Macdonalds, KFC and Debonairs. These however tend to attract customers to the area.

Reasons for selling:

The owner is planning to relocate

Trading hours:

The shop is open from 10am to 10pm 7 days a week. Sauces and packaging is supplied by
the franchisor. Other supplies are procured locally. Recipes and training are provided by
the Franchisor.

Employees:

The business employs 9 people spread over 2 shifts and consist of 2 cashiers, 1 trainee manager and cooking and cleaning staff.

Years established:

The franchise openedin the current premises 10 years ago. The current owner has had the business for the past 7 years.

Franchise terms

Franchise opportunity:

Yes

The franchise terms are very reasonable and will be discussed in detail

Other information

Furniture / Fixtures value:

R329,000 (included in the asking price)

Inventory / Stock value:

R10,000