Profitable Franchised Ocean Basket
About this business for saleProfitable Franchised Ocean Basket
On offer is an established, modern Franchised Ocean Basket outlet situated in a very popular mall with plenty of feet in the North West province.
This outlet is one of about 200 franchised outlets in SA .The Ocean Basket outlet is the only Ocean Basket in the city and is very popular with local residents as well as visitors. The outlet offers the usual wide variety, well-known popular seafood and fish menus on offer as advertised by the Franchisor on the national website.
The outlet was established 4½ years ago by the present owner after also previously owning/managing another Ocean Basket outlet in the same city, which closed on request of the Franchisor and asking the owner to open the new outlet in the mall, instead.
The reason why the owners want to sell this popular franchised outlet, is that they want to pursue other business interests after having owned Ocean Basket outlets since 2004.
The restaurant offers seating for 170 in total, inside as well as on the patios.
The outlet is managed by the husband/wife owners, supported by two loyal and well-trained managers,
16 full time staff and also 16 part time waiters.
The actual monthly calculated NPBITD for the first seven months for the 2018 financial year, was R135 660.
The selling price of this Ocean Basket on offer, is R5 303 000 (plus VAT), which includes assets valued at R1 271 000, but excludes trading stock at cost of about R180 000 as well as Franchisee joining fees of R150 000 plus VAT. A new Buyer furthermore also has to deposit a guarantee amount of R100 000 which the Franchisor required.
This represents a ROI of 29.5% and a payback period of 41 months.
Full financial information and a detailed asset list will be made available to serious buyers who have the necessary equity available.
This is an exciting opportunity for an entrepreneur to buy/own a popular Ocean Basket outlet.
Please call the listing Broker for further information.