Franchised popular Greek themed restaurant in an active shopping centre with well-known anchor tenants.
Situated in an upmarket and rapidly growing East Rand area.
Trades from 12 noon daily with early closing on Sundays
Ample parking on both the upper and lower level of the centre.
Free and secure parking
Equipment value - close to R2million.
Despite being solid enough, this business can be de-franchised and rebranded so as to meet area demographics and broader market demand
Opportunity to add on LIVE music some nights of the week as others are doing in same centre.
Current Average Monthly Turnover +/- R850 000
Basic rent in a re-negotiable lease is at R50 000 – (Only 6% of turnover…. when usually 10% is regarded as fair)
Staff Wages +/- R60 000 per month.
Current Average Monthly Net Profit +/ R85 000
Selling Price - R2,9 million.
The profit above is after paying franchise royalties to the franchisor in the region of R60 000 monthly.
If de-franchised…. the appropriate operator could therefore be netting closer to R150 000 monthly by retaining the franchise royalties
Seating for 280 patrons mostly inside with limited seating outside
Permanent Staff …. 10 x Kitchen, 1 x Barman and 10 x Waiters (waiters on commission)
Seller with adult independent children is tired after almost 20 years in the industry and is considering emigration.
Further info will only be provided on signing an NDA and Proof of Funds.