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This is a unique opportunity to own a Mugg and Bean, one of South Africas leading franchised restaurants in the relaxed family lifestyle environment of Grahamstown. This vibrant student town is only a 40-minute drive from the golden beaches of the Eastern Capes Sunshine Coast.
Grahamstown is home to Rhodes University and some of the country's top private and government schools and the perfect environment to raise and educate children. It is also surrounded by internationally renowned game lodges that host many foreign tourists to the region.
This restaurant was established by the existing owner in 2015 and it is situated in the new section of the Peppergrove Mall, Grahamstowns largest and busiest shopping centre. It is well frequented by students, scholars, the business and legal fraternity as well as the general public.
Boasting the new Mugg and Bean look, it accommodates 82 inside diners and the next revamp is only estimated for 2020. The business is mostly manager run and supported by 24 well-trained staff.
The business operates from leased premises and the five-year lease expires in 2020 with the first option to renew for another five years.
The owner made a decision to sell and to focus his attention on his other local business interests. This creates a perfect opportunity for a serious buyer to acquire a top Franchise restaurant in an awesome location.
The asking price is R1,600,000 (excluding VAT and Stock).
5 years, option to renew. The landlord is aware of the sale.
07:30 to 19:00 Monday to Sunday.
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