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Very Popular Wimpy Franchise - Grahamstown

R2,500,000Eastern Cape (EC)Listing: #ET00023


Eastern Cape (EC) businesses for sale 


R2,500,000

Food/Hospitality businesses for sale
Restaurant businesses for sale, Eastern Cape (EC)
$1,066,508


About this business for sale

Very Popular Wimpy Franchise - Grahamstown

This well-established, very profitable franchise has been owner run for over 17 years and it is perfectly positioned in a very busy shopping centre. The restaurant is very popular and it is well frequented by students, scholars, the business and legal fraternity as well as the general public.

The business is surrounded by student accommodation and it is also in very close proximity to the Private and Government schools. Although mainly a sit down business accommodating 104 diners, there is also a busy takeaway section.

The business had a full new look Wimpy revamp in December 2016, including upgraded restrooms and the introduction of a “Wimpy Fun Time” children’s play area which is very popular.

The business is mostly owner run, supported by very loyal capable staff including a manager who runs the business in the owner’s absence.

Operated from leased premises, the 5-year lease was renewed in October 2014 with an option to renew for an additional 5 years.

The owner has taken a decision to sell and to focus on his other business interests in Gauteng. This creates a perfect opportunity for a serious buyer to acquire a top Franchise restaurant.

The asking price is R2,500,000 (excluding VAT and Stock).

For more information on this great opportunity, please contact the Listing Broker –

Neville Loader (071 327 5916)

East London
neville.loader@linkbusiness.co.za
Mobile Only
071 327 5916

Neville Loader