Franchised restaurant/takeaways: Famous Brands: Northern Suburbs Cape Town – URGENT.

Franchised restaurant/takeaways: Famous Brands: Northern Suburbs Cape Town – URGENT.

Introduction:

• This franchised restaurant is situated in an industrial/residential area of the northern suburbs of Cape Town and hence is only open from Mondays to Fridays and then Saturday mornings.
• The business is manager run as the owners are involved with other businesses and therefore cannot give their full attention to this business and hence there is a huge opportunity to grow this business.
• This is a very well known franchise in the Famous Brand stall and is nationally renowned for affordable good quality foods for either consuming onsite or as takeaways.
• There are plans on the table to construct a huge residential development in this area which will obviously have a positive influence on this business.
• The lease on the premises is also not for a fixed period so the business can be relocated if a buyer wishes to do so.
• The setup costs for this store was close to R2,8 million.

Financials:

• Average monthly turnover R150,000.
• Average GP R82500 = 55%
• Reduced rental agreed with landlord R9000 pm.
• Full financials, asset lists, staff complement etc. is available.

SELLING PRICE:

• R700,000