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Franchised steak house For Sale

R1,250,000

Business Description

Well established franchised steak house positioned in upmarket residential location. Excellent brand value and sound franchisor backing with low monthly royalties.

Business Details

  • Property ID: COGB043
  • Price: R1,250,000
  • Turnover: R3.4 mil
  • Actual Profit/Year: R395k
  • Turnover range: R2.5 mil - R4 mil
  • Profit range: R300k - R500k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owner has other business interests
  • Business history: 15 years (6years under current owner)
  • Expansion potential:
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 450sqm - 185 seats
  • Rent & lease terms: 3 year lease in place until October 2017 with option of 3 year renewal period.
  • ASSETS AND STOCK:

  • Assets included in sale:
  • Value of assets: R950 000 fixed assets
  • Stock included in sale: Yes
  • Value of stock: +/- R60 000
  • GENERAL COMPANY INFO:

  • Employees: +/- 18 staff
  • Trading hours: Monday - Thursday 12 -3pm & 6-10:30pm. Friday 12-3pm & 6-11pm. Saturday 6-11pm. Sunday & Public Holidays 12-4pm
  • Support & training:
  • Business Address

    • Neighborhood: Greater Cape Town
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Corné Oosthuizen
    0796934220
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