Restaurant And Coffee Franchise In Gauteng For Sale

Business description

The franchise restaurant is situated in a shopping center in the Northriding area.
This franchise name has become a household name due to its highly successful bakery. The menu offers a huge variety from an assortment of breads to mouthwatering breakfast, lunch and dinner.
Food types: Mediterranean, Italian, Continental, Coffee shop and Deli.
The lovely light and friendly ambience attracts new customers daily.
Plenty of outside seating with ample umbrellas ensures that clients can enjoy and keep cool on a sunny day.
The size of the restaurant: 487m2 and seats + 200.
The seller opened the restaurant 5 years ago but was never involved on a daily basis… the restaurant is fully manager run!
The shopping center is going through a major change (new owners) and a massive Virgin Active is under construction, it was forecast that after completion of the Gym and a Game store opening opposite the franchise restaurant the turnover will have an increase of 30%.
The franchise fee: 5% of the turnover and an upgrade will be due in April.
The franchisor offers excellent training for the staff and full support all the way.
The rent: R 36K until Oct 2012 from 1st of Nov. R 46K
Liquor license is in place as well as all assets are in very good working order.
A new set up costs for this particular franchise restaurant would be R 5M.
Monthly net.: R 88K
Purchase Price : 3M negotiable

Business Operation

Years established:

5 years

Franchise terms

5% from turnover

Other information

Support & training:

training supplied from the franchisor