Mike’s Kitchen Franchise Opportunity

R6,000,000.00

Kwazulu Natal

Property Information

CODE : PP4353
Asking Price : R6,000,000.00
Ownership : Freehold


Description

The Mike’s Kitchen concept was founded by Mike Illion in 1972 when he opened the first Mike’s Kitchen restaurant in Greenside, Johannesburg. Over the course of the next thirty years the brand has changed hands several times and Garry Corney took ownership of the brand in 1999. Garry was dedicated to his vision of steering Mike’s Kitchen to new levels of success, embracing the challenge with drive and passion. After his sudden passing his wife, Judy, took on the challenge of seeing Garry’s dream for the Mike’s Kitchen brand to fruition. Teresa Robert is currently the Operations Director and Jonathan Eagar heads up Development and Procurement.

Initial Franchise Fee: R140,000
Unencumbered Cash: 50%
Management Fee: 5% of turnover
Marketing Fee: 2% of turnover

Franchisee Qualifications Required?
Mike’s Kitchen franchisees should display entrepreneurial spirit while also being prepared to work within the strict parameters imposed by the franchise system. Applicant franchisees should possess superior people skills, the ability to communicate well with people at all levels as well as a flair for marketing and sales.

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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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