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Iconic Restaurant In Johannesburg North For Sale

Sandton, Gauteng
Asking Price:
R12,000,000 Furniture / Fixtures included
Sales Revenue:
R19,000,000
Cash Flow:
R3,600,000

Landmark restaurant in Jhb North. One of the oldest establishments in the area. This restaurant offers a wide array of dishes to suit many palates. Unique decor and an invaluable location, the ambience is highly sort after. Only serious buyers that can prove required funds are readily available will be entertained. Brand new 7 year lease just renewed ex Jan 2019.

If interested please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

New 7 year (unheard of in the day) just been concluded meaning that any investor/owner would be in the unique position of having a balanced split of payback and profit make under one lease.

Location:

Upmarket Mall

Premises Details:

Large floor space in a unique position. Leasehold

Business Operation

Expansion Potential:

VVIP room can be developed. Delivery service. Uber Eats to be loaded. Catering for the events business can be marketed more intensively. Smaller branches can be established to feed off the onsite bakery and/or renowned name in the industry. Wholesale bakery to feed off already well established name in the cake industry.

Competition / Market:

Very few in the specific category and with the longevity this business boasts.

Reasons for selling:

Partner reached retirement age. Other has option to explore opportunities abroad.

Trading hours:

7am to 9 or 10pm

Employees:
65
Years established:
Over 30 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Turnover based. Franchisor's are very supportive and accommodating. Not your typical large corporate franchise. 4% Franchise fee

Other Information

Support & training:

Franchisor has built the brand up for many years and is 100% dedicated to the future continued success of the business as well as a potential partnership with the existing owners.

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

Seller is open to discuss.

Furniture / Fixtures value:
R6,000,000 - included in the asking price
Inventory / Stock value:
R300,000

Contact Information

    1. Your Address

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