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Well Established Franchised Restaurant In Amanzimtoti For Sale

Amanzimtoti, KwaZulu - Natal, South Africa
Asking Price:
R2,500,000
Sales Revenue:
R11,053,947
Cash Flow:
R973,077

The well-known and respected KZN Franchisor has been in the restaurant business for over 25 years and has developed an excellent reputation for excellent food and service.

This popular franchise has been trading for over seven years in the modern and busy Galleria Shopping Centre which has an abundance of safe secure parking. It is situated in the food court area next to the children’s entertainment area and has seating to accommodate 110 diners inside and 40 diners outside.

Operating from 456 sqm of leased promises, a new owner could probably renegotiate a more favorable lease and even relook at the size of the premises. However, a buyer is cautioned that there could be a requirement for a small front of house revamp but all furniture and fittings are in excellent condition. The kitchen and bar equipment is regularly serviced and all required licenses are current. Royalty and franchise fees will need to be negotiated.

The staff complement of 37 are loyal and very well trained, most have been with the owner since inception. The owner of this business has decided to pursue other business interests which creates an exciting opportunity for a buyer to acquire a successful well-established franchised business with the full support and backing of the Franchisor.

(Asking Price Excluding VAT and Stock)

Property Information

Real Estate:

Lease

Lease Terms:

8% Escalation per year.

Lease Rent:
R113,000 per sq ft per annum

Business Operation

Employees:
37 Staff Members
Years established:
7 years.

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Mon - Sat: 08:00 - 21:00. Sunday 09:00 - 21:00.

Furniture / Fixtures value:
R2,500,000
Inventory / Stock value:
R100,000

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