Piatto Restaurant & Grill For Sale

R3,900,000.00

Alberton, East Rand, Gauteng

Property Information

CODE : PP4556
Asking Price : R3,900,000.00
Ownership : Freehold


Description

Monthly Net Profit: R120,000

Rent: R81,650 per month
Escalation: 8% per annum
Lease Details: 3 Years Plus 5 Year Option To Renew
Store Size: 500m²
Seating: 350
Trading Hours: Monday to Friday: 10h00 – 23h00; Saturday & Sunday: 08h00 – 23h00
Monthly Turnover: R1,200,000 per month
Monthly Net Profit: R120,000 per month
Financials Available: On Request From The Seller
Franchise/Joining Fee: R100,000
Royalties: 5% per month
Advertising: 2% per month

Franchised. Piatto franchisees are passionate hands-on and service-orientated operators, with good people and communication skills. Applicants should possess a business background preferably in the food or hospitality industries and approximately two years’ experience in the food service industry. Joining Fees and monthly royalties payable.

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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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