This attractively designed Pizzeria, Grill and Coffee Shop Franchise is part of one of the leading Franchise Groups in Gauteng, and the business is very well located in a large strip mall in the East Rand with a good mix of shops. The mall is conveniently located on the corner of 2 of the busiest roads in the area, with lots of secure parking. This restaurant serves all the usual Coffee Shop fare, including Breakfasts, toasted Sandwiches and all-day Snacks, all made with their unique flare. Most importantly, they are known for their legendary Pizzas & Pastas, however, also included on their Menu are Salads, brilliant Burgers, and signature dishes from, Steaks, to Seafood, and Chicken, with tasty Desserts & Coffees, coupled with various Cocktails and all the popular alcoholic beverages. There is plenty of outside seating that is very popular with the customers, and the present owner often has live music evenings which have proved extremely popular, and he also does other Promotional evenings such as 'Date Night' and special evenings with a Pasta or Steak Special. Besides their excellent food, approximately 4 months ago they completed a revamp to the value of R400k, so all in all this is a top opportunity with a good ROI, ready for a new operator to move in and continue.
- Asking Price:
- R2,400,000
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Well located in a busy Strip Mall in the East Rand.
- Premises Details:
-
An attractively designed store, with a revamp to the value of R400k completed approximately 4 months ago.
Business Operation
- Competition / Market:
-
There are other food outlets in the centre, but they do not have any direct competition in the area.
- Reasons for selling:
-
The owner is involved in another non-food business, and can no longer afford to spend enough time in this store.
- Trading hours:
-
The business is open from 9am to 9pm, seven days a week.
- Employees:
- There is a Total of 16 Staff Members, including the Kitchen Staff, 1x Barista, 4x waiters and a 1x Senior Manager plus 1x Junior casual/temp Manager.
- Years established:
- The Franchise has been established for approximate 6 years with another restaurant occupying the premises for a few years before it was changed to this current Franchise operation.
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
The Purchaser must be approved by the Franchisor before a sale may take place, and there will be a once-off Joining Fee, over and above the Purchase Price, of R150k due to the Franchisor.
Other Information
- Support & training:
-
All support and training will be given by the Franchisor, and the Seller is happy to stay on for a month, free of remuneration.
- Furniture / Fixtures value:
- R1,500,000
- Inventory / Stock value:
- R100,000
