Spur Restaurant With Liquor License For Sale

Business description

· The existing owner bought this business in June 2008. Opened its doors in 1971
· Situated on a busy Main Road about 15 km from Cape Town.
· Very well known franchise group with excellent reputation.
· Business Hours: Monday to Sundays 09h00 – 22h00
· Staff: Owner + 1 1. Casuals 12
· Rental: R31 000
· Floor Space 440 sqm
· Lease: 3 years left. Buyer can negotiate own lease period.
· Fixed Asset Value R850 000 (Refer to available List)
· Stock R100 000 (Included in selling price)
· Financial Summary:
· Average Monthly Turnover without VAT: R340000
· Average Monthly Purchases : R140703
· Average Monthly Gross Profit: R199297
· Average Monthly Expenses: R163697
· Average Monthly Net Profit: R35600
· Refer to available Management Figures or Financial statements


REASON FOR SELLING:
Seller wants to buy another Franchise.

Property information

Location:

On Main Road in very busy road area and business area

Business Operation

Reasons for selling:

Buy bigger shop

Trading hours:

Monday to Sundays 09h00 – 22h00

Employees:

12 plus casuals

Years established:

40

Franchise terms

To be given to prospective buyer. No info will be given without signing a confidential agreement

Other information

Support & training:

Franchise training plus 4 weeks owner

Financing available:

Normal banks: Usally wants 50% own capital injection plus stock

Furniture / Fixtures value:

R850,000 (included in the asking price)

Inventory / Stock value:

R100,000 (included in the asking price)

Relocatable:

This business can be relocated.