Circus Circus - Umhlanga For Sale
R3,500,000.00
Umhlanga, Durban Metropolis, Kwazulu Natal
Property Information
| CODE : | PP7765 |
| Asking Price : | R3,500,000.00 |
| Ownership : | S/Title |
Description
A part of the Durban eating culture since 1994, Circus Circus is a restaurant and cafe, offering customers a wide variety of meals: salads, steaks, seafood, pastas and curries to name a few of the choices on the menu. Or if you prefer, pop in for a cortado, flat white, cappuccino or the like, perfectly brewed by one of our baristas. Circus Circus is an experience of service and quality with a focus on providing exceptional value for money in a warm and inviting atmosphere. Circus Circus now boasts 4 outlets in Kwa-Zulu Natal.
Number Of Years In Business: December 2022 (Previously Salsa Mexican Grill – June 2019)
Reason For Selling: Other Business Interests
Net Profit: ±R100,000 (Good Potential) per month
Rent: ±R142,000 per month
Escalation: 8% per annum
Lease Details: 4 Years Plus 5 Year Option to Renew
Seating: 180
Store Size: Inside - 200m²; Outside - 200m²
Trading Hours: Monday to Sunday: 07h00 – 21h00
Franchise Fees/Joining Fees: R150,000
Royalties: 5% per month
Advertising/Marketing Fee: 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.
