2 X Union Square Restaurants For Sale

R2,200,000.00

Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4236
Asking Price : R2,200,000.00
Ownership : Freehold


Description

This is an excellent opportunity for a company/operator to acquire 2 exciting burger & rib diners. The purchase price includes the registered trade marks and there is great potential yo franchise the brand going forward.

Hillcrest:
Rent: R30,526 per month
Escalation: 8% per annum
Lease Details: 3 Years Plus 5 Year Option To Renew
Store Size: 200m² - Outside: 60m²
Seating: 100
Trading Hours: Monday to Sunday: 11h00 – 22h00
Monthly Turnover: R373,000 per month
Monthly Net Profit: R40,000 per month

Durban North:
Rent: R19,500 per month
Escalation: 8% per annum
Lease Details: 2 Years Plus 5 Year Option To Renew
Store Size: 60m² - Outside: 80m²
Seating: 100
Trading Hours: Monday to Sunday: 11h00 – 22h00
Monthly Turnover: R310,000 per month
Monthly Net Profit: R30,000 per month

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Contact the Agent

Billy Constantinou » +27 83 250 2013
billy@bcfranchising.co.za

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Please Note 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.

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