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Business Summary
Purchase Price: R 3,000,000 (Excluding Stock)
Stock: R 80,000 (Excluded from the Purchase Price)
Annual revenue: R 7,200,000 (Excluding VAT)
Annual net profit: R 1,200,000
Steers & Fishaways are well-known, one of the top branded food Franchise groups in South Africa for many years and also a blue-chip investment opportunity, part of Famous Brands a listed top 100 company on the Johannesburg stock exchange. Both Steers and Fishaways falls under the top 20 major fast food franchises in South Africa when it comes to growth in revenue, posting growth figures of above 7% per annum.
The combo fast foods are located for many years in a very strategic strip mall in a neighborhood area. The restaurant has a ROI (Return on Investment) of 40%, pre tax.
Interested applicants need to provide the following and be available for the following process;
- Proof of R2 Million unencumbered cash (This is a requirement of the Franchisor and the Commercial Banks); to qualify for a term loan.
- Complete None-Disclosure Agreement (NDA)
- Upon receipt of the above, a compulsory introduction meeting will be arranged before any information will be disclosed.
Above process is a pre-condition of our mandate agreement with the seller and non-negotiable in the process and terms of the agreement. The business location and information are a sensitive matter and therefor can only be viewed by a proper appointment between the parties involved