News Cafe Franchise Opportunity
R4,950,000.00
Pietermaritzburg, Midlands, Kwazulu Natal
Property Information
| CODE : | PP4100 |
| Asking Price : | R4,950,000.00 |
| Ownership : | S/Title |
Description
By combining the service and product attributes of a coffee bar, cocktail bar, and restaurant and entertainment venue in one, News Cafe is a trendsetting and benchmarking brand within the industry. The stores trade between 16 and 18 hours a day and appeal to a variety of customers who frequent the stores for various dining and social occasions throughout the day.
Rent: R107,003.46 per month
Escalation: TBA
Lease Details: May 2017 - April 2022
Store Size: 346m2 – Inside; 102m² - Outside
Seating: ±220
Trading Hours: Sunday to Thursday: 07h00 – 12h00; Friday & Saturday: 07h00 – 02h00
Projected Monthly Turnover: R800,000 per month
Projected Monthly Net Profit: R120,000 per month
Unencumbered Cash Required: R2,500,000
Franchise/Joining Fee: R300,000
Royalties: 6% per month
Advertising: 3% per month
Operating a News Cafe may seem glamorous but it involves hard work and long hours. Preference will be given to applicants with restaurant or culinary experience as well as strong management and business experience. News Cafe franchisees are passionate, driven and committed. All News Cafe franchises must be owner-operated as only hands-on franchise owners will be entrusted with the representation of the brand.
Ref No: BCFO 127
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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.
