Mimmos Franchise Established 12 Years In Pretoria For Sale

Business description

This excellent Family Style Franchised Italian restaurant was opened almost 12 years ago by the present owners. It is well managed, well run, and very clean and well maintained. They have built up a loyal base of regulars, and are well ensconced in the area as being reliable and consistent, while supplying quality food and great service. One of the two owners runs the business with the help of a manager, and the store is part of one of the best known Italian Restaurant Franchises in South Africa. They have two full time delivery people with their own motor bikes doing deliveries, and without advertising this fact, do a tremendous amount of deliveries in the area.Their store relies purely on word of mouth, and the well known name of the franchise for business. Even thou they are making an average nett profit of R100k per month, after Vat, there is a tremendous amount of room for growth in the business. An owner operator with the energy to do a bit of local advertising, build up the deliveries even more and also advertise the store for functions, will take the business to the next level. They are able to seat 220 customers at one sitting! This is an opportunity not to be missed, don't let it pass you by.

Property information

Real Estate:

Lease

Location:

Busy local shopping centre in the Eastern Suburbs of Pretoria, with a good Spar Supermarket as the main anchor store.

Business Operation

Competition / Market:

There are other food businesses in the centre, e.g., The Wimpy, but no direct competition.

Reasons for selling:

The one partner is involved with SAA, and can no longer help with the shop, and therefore, after 12 years, they would like to make a change.

Trading hours:

They are open 11am to 10pm, seven days a week.

Other information

Support & training:

All support and training will be given by the franchisor, who must approve the buyer before a sale can take place. There will be a once off joining fee of R120k, plus Vat, over and above the purchase price, that will be due and payable to the franchisor.

Furniture / Fixtures value:

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

Inventory / Stock value:

R60,000