*** SOLD ***
Franchised Restaurant with Bar for Sale
About this business for saleFranchised Restaurant with Bar for Sale
The price for this franchised restaurant with pub concept in the East Rand is basically an asset sale but it is still operational.
The present owners are unable to comply with the standards as required by the National Franchisor and the present owner is prepared to provide owner finance for the full amount at favourable conditions, making it a very attractive proposition for someone looking for a turnaround opportunity and with limited finance available.
This franchised brand has proved particularly popular and is unique in its proven concept.
This outlet is well positioned in terms of the Franchisor site criteria so there is potential for a successful turnaround strategy.
The other restaurants in the franchise group have performed consistently well.
Ownership can pass immediately following successful negotiations with the landlord.
A further amount of R50 000 plus VAT franchise joining fee is payable by the new owner and some further working capital will be required in conjunction with the National Franchisor.
Also the National Franchisor can assist with a marketing plan to assist with the turnaround strategy.
Furthermore, the National Franchisor is of the opinion that the outlet needs an upgrade but the magnitude, timing and cost thereof can be discussed.
The current Franchisee is keen to sell and the price stated is negotiable.
For further information, kindly contact the listing Agent.