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OCEAN BASKET RESTAURANT IN TSHWANE REGION

Popular For Sale

Price R 1,650,000.00

Description

Take over this popular Ocean Basket restaurant at a fraction of the normal franchise fee. This well known and popular branded restaurant has a cheerful vibe and ambiance, serving up great seafood cuisine. Great location with excellent growth potential and loyal customer base. 

 

The total restaurant size is 235 m2 situated in one of the busiest areas. The current lease expires at end of November 2020, with an option to renew-8% annual escalation. Total assets including equipment and upgrades valued at R1.1 million. The business offers great potential for growth.

More details

Name Description
Total Annual Sales R 6,000,000
Stock R 110,000
Assets R 1,100,000
ROI 45 %
Payback in months 27
Profit before tax R 750,000
Form of ownership Pty Ltd
Year established 2013
Year of acquisition 2013
Trading Hours 10h00 - 21h000
Full Time Employees 11-15
Business Premises Retail space
Rental Amount R 75,000 pm
Current Floor Space 235 m2
Lease term in years 4
Other important details VAT Registered,Financials up to date,Employee contracts,Air conditioning,Website,Internet connection,Telephone lines,Liquor license,Parking lot,All assets on file,Security,In retail area,Training / Support,Technical skills,Marketing skills
Reason for sale Owner involved in other business
Growth opportunities This business has shown a steady growth since inception and will continue to grow with hands-on owner/manager
Seller Type Broker
Broker Fee Yes
Investment Ready Level Level 1

Ad details

Ad ID : 166
9 months, 18 days ago
1175 Views

Advertiser details

Phil Trolip (10)
phil@africabrokers.com
Contact Advertiser Print Advert

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