Popular & Growing News Cafe Restaurant For Sale

Business description

This popular, growing Franchised restaurant is located in a busy entertainment complex in a coastal city.

Recent management and ownership changes have seen the business stabilise and grow strongly throughout 2009, and the current owner has a dynamic and hands on approach to marketing.

The business is ideally located in a centre that will be seeing huge development spend during the next few years, and this will only serve to improve this business.

This trendy brand is extremely well supported by the Franchisor, and the business is ideally suited to a dynamic people's person who enjoys entertaining in an upmarket and exclusive environment. It is a specific Franchisor requirement that the owner must have restaurant experience, and must be personally involved in running the business.

The News CAFE brand has won many awards in the food, beverage and service sector having been voted “Best Cocktail Bar” 11 years in a row and “Best Pick Up Spot” for 4 years in a row.

This business is ideally positioned to be able to take advantage of the upcoming soccer world cup event.

The brand is aspirational, trendy and has high levels of appeal to its target market. This, together with its location, and the development planned for the entertainment complex will ensure profitability growth throughout 2010 and into the future.

Franchise terms

The Franchisor requires restaurant or cullinary experience, together with strong managem,ent and business experience. A joining fee will also be applicable, and the Franchisor requires the operator to be a minimum 25% share holder in the business.

Property information

Real Estate:

Lease

Lease terms:

Very favourable lease terms.

Location:

Prime location in busy entertainment and retail complex.

Other information

Expansion potential:

This business does extremely well over the festive season owing to its location.

Buying now will ensure that the new owner sees the benefit of the soccer world cup midway through the year, which is expected to be at least in line with a traditional Christmas season. 6 Months later the December season will follow, and by 2011 the positive impact of the expansion in the complex should be felt.

Trading hours:

Mondays to Sundays, 08h00 to close

Furniture / Fixtures value:

R1,600,000 (included in the asking price)

Inventory / Stock value:

R65,000