Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Brand New Food Franchise In Ideal Position!

LISTING DETAILS
Firms For Sale ID:
32111
Vendor reference:
12988
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,980,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This busy Fast Food Franchise was established by the present owner in 2012.

Situated in the heart of the CBD of Pietermaritzburg and surrounded by shops and several buildings housing Government offices, and near to both the Local Municipality and Parliament, this clean and attractively bright shop is open 7 days a week, from 07:00 to 20:00.

It is owner-run, with the assistance of 2 managers and the shop is staffed by 4 cashiers and 4 kitchen staff.

Passing trade accounts for 85% of the trade, with regular customers in the CBD making up the rest. With the opening of new Govt offices in the immediate vicinity, this profile is bound to change and reflect more regular custom.

The business is advertised in the local press by the owner, and nationally by the Franchisor. The Franchise has a website.

As the business has only been open for 2 months, no financials are available. However, the owner can provide projected financials based on numerous other franchises around the country and on her second, long established franchise in East Griqualand.

An average monthly turnover of between R250K â?? R350K is projected and commensurate profits would suggest an R.O.I. of 52.6% or less than 24 months payback!

The current lease expires in 2017, and is subject to an 8% escalation. The landlord is aware of the sale and will gladly negotiate a lease on the same terms.

The owner wishes to emigrate to New Zealand to join her family in Aukland.