Top Mediterranean Franchise In Major Pretoria Shopping Centre For Sale

Business description

This Medierranean Frandchise is one of the best known Franchise Restaurant Groups in the country, and although they are classed as a 'Mediterranean Restaurant', they are also known for their wide selection of different types of foods available on the menu. This branch is extremely well located near the movie complex and food court in what is one of the leading regional shopping centres in Pretoria. Their main business is lunch and dinner, with dinner being their busiest period. They are very busy on weekends and Public holidays, with business increasing during most of the school holiday periods. This particular Franchise Group is well known for delivering quality food and excellent service at value for money prices, and this particular store is no different. This has resulted in the shop being able to cash in on the large amount of foot traffic passing through the shopping centre on a daily basis, while at the same time becoming the leading destination restaurant in the centre. The Franchisor will supply all the training and know how, and always has ongoing TV and Radio advertising campaigns throughout the year.
This particular store having only been open for 18 months, is already showing an average net profit of R100k per month after Vat! Definitely an opportunity not to be missed, as an energetic 'hands-on' operator can continue the month on month growth that the present owners are already achieving.

Property information

Location:

Major Regional shopping centre in Pretoria

Business Operation

Competition / Market:

Being in such a large centre there are lots of other food outlets, however there is a huge amount of foot traffic moving through the centre on a daily basis, 365 days a year.

Reasons for selling:

The owners live in Benoni and travelling to Pretoria 7 days a week is taking it's toll, so they are going to purchase another business closer to home.

Trading hours:

The shop is open 9am to 10pm, 7 days a week.

Employees:

There are 18 staff members including two kitchen managers, soda fountain, baristas and pizza makers.

Other information

Support & training:

All support and training will be provided for by the Franchisor who must approve the buyer before a sale may take place. There will a once off Joining Fee of R150k plus Vat, due to the Franchisor, over and above the selling price.

Furniture / Fixtures value:

R3,000,000 (included in the asking price)

Inventory / Stock value:

R100,000