Business for Sale

Mediterranean Restaurant Franchise for Sale

business for sale This Mediterranean Franchise is one of the best known Franchise Restaurant Groups in the country, and although they are classed as a 'Mediterranean Restaurant', they are also known for their wide selection of different types of foods available on the menu. This branch is extremely well located near the movie complex and food court in what is one of the leading regional shopping centres in Johannesburg. Their main business is lunch and dinner, with dinner being their busiest period. They are very busy on weekends and Public holidays, with business increasing during most of the school holiday periods. This particular Franchise Group is well known for delivering quality food and excellent service at value for money prices, and this particular store is no different. This has resulted in the shop being able to cash in on the large amount of foot traffic passing through the shopping centre on a daily basis, while at the same time becoming the leading destination restaurant in the centre. The Franchisor will supply all the training and know how, and always has ongoing TV and Radio advertising campaigns throughout the year. Definitely an opportunity not to be missed, as an energetic 'hands-on' operator can continue the month on month growth as it is fully manager run at this stage.

Business Details

REF AB34
Asked Price R 3,600,000
Location Johannesburg | Gauteng | Western Suburb
Business Type Restaurant
Reason for SellingOwner investing in other interests
Year Established2002
Number of Employees 28
Monthly TurnoverR 800,000
Monthly Net Profit R 100,000
Monthly Payroll Expense R 400,000
Movable Assets Value R 750,000
Stock Value R 100,000
Owner Oporated Business No
This is a Frenchise BusinessYes
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 600 M2
Lease Term 5 Years
Monthly Rental R 150,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation