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Popular Family Restuarant for Sale

R2 690 000,00Eastern Cape (EC)Listing: #PZ00006

Eastern Cape (EC) businesses for sale 

R2 690 000,00

Food/Hospitality businesses for sale

About this business for sale

Popular 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.

Port Elizabeth
Mobile Only
083 716 1495

Reza Ebrahim