Verified Listing
Posted on June 8, 2021 / 291
Price : R3,600,000
Listing Type : Restaurant Franchise
Location : Randburg
Ref. No : 2751
Year Established : 2014
No. of Employees : 35
Trading Hours : 9am - 9pm
Lease Term : Aug 2024
Turnover : R 768 000 pm
Cost of Sales : R 332 000 pm
Expenses : R 363 000 pm
Net Profit : R 73 000 pm

Well established restaurant operating under one of the leading franchise brands in South Africa. The restaurant was recently revamped with new furniture, equipment and a kids play area and has a staff complement of 35 employees who are well trained and very reliable. The current lease was signed in September 2019 and will be up for renewal in August 2024. It is located in a busy shopping complex with a strong catchment area and caters not only for their sit down customers, but also offers a convenient call and collect option as well as delivery.

The business generates gross profit margins above 50% consistently and the Covid lockdown had minimal impact to turnover. Spur was established over 40 years ago and is recognised both locally and internationally. It is a distinctly family-orientated brand renowned for creating countless special memories and has a reputation for mouth-watering, value-for-money meals.

Washington Mashanda – Broker Head Office