Special offer – now selling for R1,2m
This is a fantastic opportunity to own 2 branches of a well operated and exciting young brand.
Excellent operating procedures, recipe manuals and stock controls in place.
The brand was established in 2016 and the first store opened in the 1st quarter of 2017.
Store number 2 was opened in 2nd quarter of 2018.
The brand & all rights held in the brand are included in the purchase of both stores.
All brand operations are currently run from store level, no “head office” expenses to worry about.
The purchaser will also own any Trademark rights in the brand. The potential exists for the purchaser to open multiple stores in the future and benefit from a franchise model if they choose.
The asking price includes:
• both restaurants with all their assets, as listed in the asset register including all stock on hand.
• Stock on hand also includes retail branded merchandise like peak caps, mugs and travel mugs.
• all ownership rights in the Brand including Copyright, Trademark, Logo and Web Domain
• essentially the buyer will own all the rights and would be able to claim any franchise royalty fees from any future branches which they open.
This brand is ready for a serious buyer to take it to then next level and grow the number of stores to a point where it could be sold off to the likes of Famous Brands. It requires the right buyer with dedication and commitment to the brand. This is a fun brand and is ready for the new owner to build on an already successful product.
- Asking Price:
- R1,200,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- R2,200,000
- Cash Flow:
- R100K - R500K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
R 396 000 base rental per annum for both stores.
- Leasehold Rent:
-
R396,000 per annum
- Location:
-
Both restaurants are positioned in high footfall areas. One is in a busy new mall and is currently open 6 days a week. The second is in a high tourist destination and also operates 6 days a week.
- Premises Details:
-
Both premises are well done and new as they have only been operating since 2018
- Size in square feet:
- 60sqm
Business Operation
- Expansion Potential:
-
There is plenty of room to expand by opening more franchises or selling off franchises.
- Competition / Market:
-
Not much competition in the area
- Reasons for selling:
-
Focus on other business interests
- Trading hours:
-
Both restaurants operate from 10am - 5pm Tuesday - Sunday
.
- Employees:
- 8
- Years established:
- 3
Other Information
- Support & training:
-
Will be provided
- Furniture / Fixtures value:
- R500,000 - included in the asking price
- Inventory / Stock value:
- R80,000 - included in the asking price
