Business for Sale

Piatto Restaurant & Grill for Sale

business for sale Piatto Restaurant and Grill is a premium brand that is rapidly expanding throughout South Africa. The Cresta franchise has recently been upgraded and has experienced 27% growth over the last 12 months which can be confirmed by the Franchisor. The average monthly T/O is R800k and the NP ranges between 16-20% of T/O. This is a big restaurant seating +300 people and will suit an experienced restauranteur. The restaurant is a popular destination for families, business executives, friends, private parties and corporate functions in the 2 private rooms. Most of the staff have been employed for a long time which has added to the stability of the business.

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