Dros Restaurant & Wine Cellar For Sale
R3,000,000.00
Umhlanga Gateway, Durban Metropolis, Kwazulu Natal
Property Information
| CODE : | PP5179 |
| Asking Price : | R3,000,000.00 |
| Ownership : | Freehold |
Description
Rent: R175,800.20 per month
Escalation: 8% per annum
Lease Details: April 2021
Store Size: 470m2
Seating: 400
Trading Hours: Monday to Sunday: 09h00 - 23h00
Turnover: R1,000,000 per month
Financials Available: On Request from The Seller
Franchise/Joining Fees: R100,000
Royalties: 4% per month
Advertising/Marketing Fees: 3% per month
Franchised. Manager run. The Drostdy is a well-known landmark, not only in Stellenbosch but throughout the whole of South Africa. In April 1996 an enormous change took place at the Dros with the formation of the ‘Dros Concept’, a combination between a wine cellar and a restaurant. The founder and owner wanted to present the public with a truly South African concept accessible to all ages and tastes. This concept proved successful as many people from all over the country, as well as overseas visitors, frequented the Dros. This in turn led to the franchising of this unique restaurant. This restaurant has recently been revamped.
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Contact the Agent
Billy Constantinou » ++27 83 250 2013
[email protected]
Your Information
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