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Very Lucrative & Established Spur - Eastern Cape

R5,500,000Port ElizabethListing: #14299

Port Elizabeth businesses for sale 


Food/Hospitality businesses for sale
Refer to Broker

About this business for sale

Very Lucrative & Established Spur - Eastern Cape
This lucrative, franchised restaurant is located in the Eastern Cape. The franchisor is known for delivering impeccable support to its franchisees. Spur is a brand that is well established and respected, not only in this town but also in South Africa.

The restaurant is known for excellent customer service and for good food delivered consistently.

The premises are spacious and the layout very well planned. The kiddies play area is modern and very popular with families.

The business is run by an owner and 4 managers assisted by well trained and efficient staff. The assets are in good condition and well maintained.

You can certainly rely on the strong brand and the superb location to attract clientele.

All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.

The listing price is R5,500,000 (excluding stock of R200,000 at cost and excluding VAT) and the annual Turnover is R12,262,869 and net profit of approximately R125,000 p.m.

Buyers will be required to have equity of at least 3.6 million in unencumbered cash.

For more information, kindly contact the listing Broker.
Port Elizabeth
Mobile Only
083 716 1495

Reza Ebrahim