Adega Restaurant (Halaal) In Gateway For Sale

R6,500,000.00

Umhlanga, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5827
Asking Price : R6,500,000.00
Ownership : Freehold


Description

Monthly Net Profit: R163,000

Rent: R135,000 per month
Escalation: 8% per annum
Lease Details: 2 Years Plus 10 Months
Store Size: 214m²
Seating: ±110 – Inside; 70 - Outside
Trading Hours: Sun To Thurs: 11h30 – 21h00; Fri & Sat: 11h30 – 22h00
Franchise/Joining Fee: R150,000
Royalties: 4.5% of Net Turnover
Advertising/Marketing Fee: 1% of Net Turnover

This Halaal Adega is a Traditional Portuguese Restaurant. The store is strategically located in KZN’s premium shopping centre. This must be owner-run or managed by operator with a minimum of 40% equity. Training is conducted within an existing operation. This is a great opportunity for a quality operator to take this exceptional business to the next level.

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Contact the Agent

Billy Constantinou » +27 83 250 2013
[email protected]

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