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eating-out

Mandate 1074

R 1,000,000.00

Franchise Fast Food – Being a fast growing franchise located in a central busy spot, it offers an excellent opportunity for the right entrepreneur to increase its turnover and returns. With present net profit of around R41K, the asking price of R1m equates to a payback of 24 months, which is reasonable considering the growth potential.

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Product Description

Broker Name: Abel Acuna
Broker Contact: 0832542068
Broker Email: abela@renwickbusiness.co.za
Mandate number: 1074
Category: Eating Out
Location: Krugersdorp
Year Established: 04/08/2014
Number of Employees: 1 x manager 3 x cashiers 3 x kitchen staff 2 x barmen
Hours of Operation: 7:30 – 21:30
Lease Term: The current lease is valid until April 2017 with an option to renew for a further 3 years.

Movable Asset Value: R 750,000.00
Stock Value: R 50,000.00
Average Monthly Turnover: R 166,000.00
Average Monthly Expenses: R 124,540
Average Monthly Net Profit Before Tax: R 41,460.00
Asking Price: R 1,000,000.00

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