Pine Ridge Spur For Sale

R3,700,000.00

Pietermaritzburg, Midlands, Kwazulu Natal

Property Information

CODE : PP4571
Asking Price : R3,700,000.00
Ownership : Freehold


Description

Monthly Net Profit: R90,000 per month

Rent: R75,000 per month
Escalation: 8% per annum
Lease Details: 7 Years
Store Size: 550m²
Seating: 240
Trading Hours: Mon to Thurs: 08h00 – 21h00; Fri & Sat: 08h – 22h00; Sun: 08h00 – 20h00
Monthly Turnover: R930,000 per month
Financials Available: On Request From The Seller
Franchise/Joining Fees: R150,000
Royalties: 5% per month Advertising/Marketing Fees: 4% per month

Franchised. Spur was established over 40 years ago and is recognised both locally and internationally. It is a distinctly family-orientated brand. A passionate hands-on operator, not afraid of working long hours and prepared to uphold the values of the brand. Totally service orientated and people friendly and prepared to go that extra mile for their customers. Prepared to learn and listen and add value. Be proactive and not reactive. Nondiscriminatory and understand the importance of National Operating Standards, Understands that increased involvement at store level equals increased profits. Has an amount of 40% - 50% of development costs in unencumbered funds. 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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