Purchase Price: R2,200,000 (Excluding Stock)
Stock: R50,000 (Excluded from the Purchase Price)
Annual revenue: R8,3Mill (Excluding VAT)
Annual net profit: R676,000 (Pre-Tax)
Steers & Fishaways are under the top 10 major fast-food and take away franchises in South Africa and part of the Famous Brands restaurant group. This business opportunity consists of a Steers & Fishaways combo and is for sale as a going concern. The combo of fast foods is located in a growing upmarket area in the West Rand of Gauteng and newly revamped with all the state-of-the-art equipment and shop fitting on spec of the franchisor.
Interested applicants need to provide the following and be available for the following proses;
• Proof of R2,2 million unencumbered cash (This is a requirement of the Franchisor and Seller); to qualify for their approval according to their criteria.
• Complete None-Disclosure Agreement (NDA)
• Upon receipt of the above, a compulsory introduction meeting will be arranged before any information will be disclosed.
Above proses is a pre-condition of the seller in terms of our mandate agreement and his criteria. The business location and information are a sensitive matter and therefor can only be viewed by a proper appointment between the parties involved