Verified Listing
Posted on October 9, 2020 / 112
Price : R2,200,000
Listing Type : Restaurant Franchise
Location : Randburg
Ref. No : 2655
Year Established : 2015
No. of Employees : 17
Trading Hours : 08:30 - 21:00
Lease Term : 5 years
Turnover : R 500 000 pm
Cost of Sales : R 185 000 pm
Expenses : R 215 000 pm
Net Profit : R 100 000 pm
Asset Value : R 600 000
Stock Value : R 100 000

A well-established and profitable restaurant and takeaway franchise situated in a quaint shopping centre in an affluent suburb. The brand offers a traditional Italian flair with their menu ranging from starters, pizzas, pastas and salads to burgers, grills and desserts. The store is unique and cosy, drawing customers in, with their warm welcoming traditional wood burning oven and their wide selection of wines and cocktails.

This restaurant offers a unique service to cater not only for their sit down customers, but also a convenient take away option including delivery. There is room for growth in the area with many schools, businesses, homes and retirement villages. This business has a full staff complement of 17 employees who are well trained and very reliable.

The business has an asset value of R600 000, generates an average monthly turnover of R500 000 with an average monthly net profit of R100 000. The asking price is R2 200 000 excluding stock of R100 000 on average.

* Mfundo Nhlabati – Broker Head Office