Jessica's - Clearwater Mall For Sale
R7,500,000.00
West Rand, Gauteng
Property Information
| CODE : | PP7650 |
| Asking Price : | R7,500,000.00 |
| Ownership : | S/Title |
Description
Jessica’s was established in 2017 by Jessica Botha & Andries Strydom. As avid foodies and lovers of hospitality their aim was to create a lifestyle restaurant brand which focuses on great fresh food and creates a welcoming space for friends and families to connect and share a meal.
Address Of Business: Clearwater Mall, Strubens Valley, Roodepoort
Number Of Years In Business: 2019
Reason For Selling: Focus on Franchising
Selling Price: R7,500,000
Net Profit: ±R250,000 per month
Rent: R87,753 per month
Escalation: 7% per annum
Lease Details: 1 Year Plus 5 Year Option To Renew
Seating: 128 Plus 32 To Be Added
Store Size: Inside - 250m²; Outside - 92m²
Trading Hours: Sun to Thurs: 08h00 – 21h30; Fri: 08h00 – 22h30; Sat: 08h00 – 22h00
Franchise/Joining Fees: R90,000 Plus R80,000 Training Fee
Royalties: 7% per month
Advertising /Marketing Fees: 1% per month
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Contact the Agent
Billy Constantinou » ++27 83 250 2013
[email protected]
Your Information
Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
