Business for Sale

Piatto Restaurant & Grill for Sale

business for sale

Business Details

Asked Price R 3,700,000
Location Johannesburg | Gauteng | Cresta Mall/ West Suburb
Business Type Restaurant
Reason for SellingThe owner is leaving to continue his career in the tech industry which has prompted the sale of the business. The owner is reluctant to leave the business in the hands of non-family. The owner has multiple businesses.
Year Established2003
Number of Employees 43
Monthly TurnoverR 800,000
Monthly Net Profit R 120,000
Monthly Payroll Expense R 0
Movable Assets Value R 2,200,000
Stock Value R 75,000
Owner Oporated Business Yes
This is a Frenchise BusinessYes
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 550 M2
Lease Term 3 Years
Monthly Rental R 95,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation