Top Seafood Franchise Restaurant In Blaauwberg For Sale

Business description

Date opened: December 2006

Position: Seaside Village Shopping Centre, Big Bay with immaculate views of Table Mountain and Robben Island
To see photos and directions please contact below.

Seating capacity: 300 people

Area: 750 m2 with enclosed balcony

Current Lease: Expires 2014, option to renew next 5 years
Favorable terms, excellent relationship with Landlord

Annual Turnover: R 7.5m

Profit margin: 10% to 15%

Average profit per month: R75 000,

33 months repayment / 36% ROI

Staff compliment: 60 staff, 6 managers, Not owner managed, All staff on contracts.

Asking Price: R2.5m

Selling Opportunity
• Owner is currently not involved – opportunities to run much more efficient
• Very good location with low landlord rentals
• Get in at substantially below the cost of opening a new franchise
• Owner is willing to look at a limited financing.
• Strong growth per annum of more than 20%
• Big successful franchise

Property information

Real Estate:

Lease

Lease terms:

Lease at very favourable terms

Landlord Shoprite Checkers Properties

Current lease expires 2014, renewable for another 5 years

Location:

Seaside Village Shopping Centre, Big Bay

Premises details:

Immaculate views of Table Mountain and Robben Island

Size in square feet:

750 m2

Business Operation

Reasons for selling:

Want to retire, too much work

Trading hours:

10am to 11pm , 7days a week

Employees:

60

Years established:

5

Franchise terms

Franchise opportunity:

Yes

Subject to Franchise approval Subject to signing a new franchise agreement Joining fee of R200 00

Other information

Support & training:

Compulsory training by Franchisor

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

R2m in cash and R500k finance over 12 months

Furniture / Fixtures value:

R2,500,000 (included in the asking price)

Inventory / Stock value:

R150,000