Popular Family Restuarant for Sale
About this business for salePopular Family Restuarant for Sale
This well-established, very profitable franchised restaurant has been owner run for over 10 years and it is perfectly positioned in a very busy and popular location.
The restaurant is very popular and it is well frequented by the general public students, scholars, and tourists as well.
The immediate proximity has hotels, guesthouses and campuses and it is also in very close proximity to the private and government schools. Although mainly sit down business, there is also a busy takeaway section and delivery service.
The business is supported by very a loyal, capable and stable staff complement; including a management team who runs the business daily, with limited owner involvement.
Operating from leased premises, the Business is a key tenant in the occupant mix and will remain a focus for the landlord.
The owner decision to sell has created a perfect opportunity for a serious buyer to acquire a highly sought after franchised restaurant.
The asking price is R2,690,000 (excluding VAT and Stock).
The business has an annual nett profit (EBPIDT) of approximately R 948,000.00 and offers a return on investment of 35% and/or a monthly payback of approximately 35 months.
Serious Buyers can contact Reza Ebrahim on 083 716 1495 for additional information.