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Asking Price$486,000
Revenue$1,200,000 Established2007
Cash Flow$240,000 EmployeesUndisclosed
FF&E$428,000 FranchiseYes
Inventory$28,571 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This ADEGA Portuguese restaurant is on the market for a new owner(s). This top class restaurant has become one of the main culinary attractions in the Boksburg / Benoni suburbs. The business is still growing and aside from the normal franchise advertising process, word of mouth is adding to the growth of this particular restaurant which is one of the top if not the top restaurant in the franchise. The restaurant caters for the middle to upper class market segment and is well located .The business averages a turnover of R700k + per month with an average Nett figure of around R140k per month. The asking price of R 3.4 Million(Plus Stock) is well priced. Stock is estimated between R150 - 200k. All equipment was purchased new at setup which will allow for a long term operation before replacement or upgrades will be required. Only serious buyers will be entertained. This is an excellent opportunity or someone wanting to get into the restaurant industry .. in a leading store .. with a leading and growing franchise ! The Restaurant seats approx. 285 patrons ( smoking and non smoking ) and has a childrens play area facility. It is well supported by the local residents as well as the businesses in the surrounding area who make use of the venue for functions etc.
Facilities:The Restaurant is located in a busy shopping centre opposite an affluent suburb of Benoni. There is ample parking for patrons as the business is located in a corner away from all other stores in the centre.
Competition:Usual competition in the area but no threats
Growth Potential:Excellent growth if conversion or inclusion of Halal menu
Training/Support:The franchisor will provide compulsory training
Sale Reason:Immigration
Ad #25226
Seller Reference #CJB100
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Jordan Jardim
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