Very Lucrative & Established Spur Eastern Cape
About this business for saleVery 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 R4,990,000 (excluding stock of R200,000 at cost and excluding VAT) and the annual Turnover is R10,000,000 and net profit of approximately R125,000 p.m.
Buyers will be required to have equity of at least R3.6 million in unencumbered cash.
For more information, kindly contact the listing Broker.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.