Portuguese Restaurant - Durban North For Sale
R1,100,000.00
Durban North, Durban Metropolis, Kwazulu Natal
Property Information
CODE : | PP7661 |
Asking Price : | R1,100,000.00 |
Ownership : | S/Title |
Description
Relaxed vibe, set back from the road, with open sides to the trees in Summer, you are under cover but the feeling is alfresco. It is buzzy with good service and very good Portuguese food influenced by Mozambique’s peri-peri and prawn culture.
There is attention to details. The Portuguese rolls are warm and oven fresh, the seafood perfectly cooked. Try the delicious Cataplana or Seafood Pot – a mixture of seafood cooked in a traditional Cataplana dish with olive oil, garlic, braised onions, peppers, tomato, white wine and a hint of peri-peri. Along with seafood platters, the peri-peri chicken is very popular. This is a great opportunity for a one-man operator.
Number Of Years In Business: I Year
Reason For Selling: Personal
Net Profit: ±R35,000 per month
Rent: R49,910 per month
Escalation: 8.5% per annum
Lease Details: 1 Year (New Lease agreement)
Seating: 80
Store Size: Inside - 112m² Plus Staff Change Rooms and Toilets
Trading Hours: Monday to Sunday: 12h00 – 22h00
Franchise Fees: Nil
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Contact the Agent
Billy Constantinou » ++27 83 250 2013
[email protected]
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.