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2 Franchised Top Performing Thai Restaurants, Both R3.6m For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R3,600,000 Furniture / Fixtures included
Sales Revenue:
R15M - R100M
Cash Flow:
R15M - R100M

Updated Price
Price Reduced from R3.95M to R3.6M

2 Thai Food restaurants for sale. Thai Food, Sushi & Noodles.

Well Established Brand with more than 60 stores in the group throughout Southern Africa. 30 Stores in Gauteng alone. Strong and Loyal customer bases.
The food is healthy, wholesome and extremely tasty!
Both are sold together. Each restaurant is in individual companies.

1.
Restaurant in East Gate Mall (Main restaurant section open air dining) has been in operation for more than 10 years. Fully licensed selling alcohol. Lease has just been renewed, 5 years remaining. This restaurant is a 100 seater (inside and outside). Around 75% sales are eat in. No other Asian and sushi competition in mall. Uber Eats, Mr D are fully operational (We do not do our own deliveries, but used to previously). Normal Mall operating hours. Current Franchise look, no revamp or upgrades needed. Store is mostly manager run, 2 managers, 1 of which has been with this store for 10 years and is extremely hands on and has a great attitude. The other has also been a manager at this store for more than 5 years. Very well trained, experienced and high performing staff.

2.
Restaurant in Stoneridge Centre in Greenstone Hill which has been in operation for more than 3 years (lease renewable). Fully licensed selling alcohol. This restaurant is a 90 seater (inside and outside). Good split between take aways and sit downs (65:35). Current franchise look, no revamp or upgrades required. Normal operating hours. Store is mostly manager run, 2 managers, 1 of which has been with this store from the opening, 3 years now and is extremely hands on and has a great attitude. The other has also been a manager at this store for more than 1.5 years and worked his way up form a waiter. Very well trained, experienced and high performing staff.

Both restaurants have proven strong and resilient, even through the tough covid period, we have been cash positive. The numbers are steadily picking up monthly to where it was pre covid.
Well performing restaurants for sale, both perform in top 10 in the group, 1 in the top 3 in Gauteng. The franchise is extremely supportive, provides all the help, time and training.
Can expect a strong brand, strong support and good returns.

Franchise and Joining Fees are applicable.
Lease deposits needed.
Stock of R120K is excluded.
Asking price R3.6M for both (Negotiable) - Price dropped from R3.95M
The capital cost to set up each of these is more than the asking price.

Or Purchase individually
EastGate Store for R1.95M
Stoneridge (Greenstone Store for R1.75M)

Reason for selling: Relocating

All information and documents will be shared after being vetted.
Proof of funds are necessary

Property Information

Real Estate:

Lease

Location:

East Gate Mall & Stoneridge Shopping Centre (Greenstone Hill)

Premises Details:

East Gate Mall & Stoneridge Shopping Centre (Greenstone Hill)

Size in square feet:
150

Business Operation

Expansion Potential:

Lots of potential
Own deliveries, Sourcing, Labour sharing, Specials

Competition / Market:

None

Reasons for selling:

Owner has had another baby, no time. family commitments. Owner relocating

Trading hours:

Mall hours: 11am to 9pm

Employees:
30
Years established:
10 & 4

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Full support & training from franchise. Handover also from current owner.

Inventory / Stock value:
R120,000

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