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Well Known Fast Food Outlet In Krugersdorp For Sale

Krugersdorp, Gauteng, South Africa
Asking Price:
R2,500,000
Sales Revenue:
R4,680,000
Cash Flow:
R1,078,000

This well-known fast-food outlet is situated on the West Rand on a busy main road and has plenty of regular customers and passing trade. It has been in operation since 1993 and is a very popular and busy outlet. The owner of this business has had it since 1996 and has grown the business substantially by focusing on attracting the right customer base by providing wholesome and value for money meals. This approach has led to the increase in the profitability of the business and now generates a healthy turnover over of around R390,000.00 per month.

However, there are still plenty of opportunities to increase this turnover.

The seller is asking R2.3 million excluding stock

Property Information

Real Estate:

Lease

Lease Terms:

The current lease expires in April 2024 with an option to renew for a further 2years. Escalation is at 8% per annum.

Leasehold Rent:

R55,700 per annum

Location:

Krugersdorp

Premises Details:

The current lease expires in April 2024 with an option to renew for a further 2years. Escalation is at 8% per annum and the current rental including water and electricity is around R 55,700.00 a month including VAT. The size of the premises is ±200 sq. meters.

Size in square feet:
200 m sq
Planning Consent:

Not applicable

Business Operation

Expansion Potential:

Yes, more canvasing in the area

Competition / Market:

Competes with a number of established fast food franchises in the area and more than holds its own.

Reasons for selling:

The owner has other business interests and would like to consolidate these interests into a more manageable portfolio. He may perhaps even consider creating a franchising opportunity with the right partner.

Trading hours:

Monday to Saturday 08h00 to 20h00 and Sundays 08h00 to 14h00.

Employees:
8 excluding the owner
Years established:
With current owner since 1996

Other Information

Support & training:

Yes - owner will do a handover for an agreed period.

Furniture / Fixtures value:
R1,500,000
Inventory / Stock value:
R100,000
Relocatable:
This business can be relocated.