Ocean Basket In Westwood Mall For Sale

R1,500,000.00

Westville, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4462
Asking Price : R1,500,000.00
Ownership : Freehold


Description

Monthly Net Profit: R30,000

Rent: R80,000 per month
Escalation: 8% per month
Lease Details: 2½ Years
Store Size: 474m²
Seating: 140
Trading Hours: Monday to Sunday: 09h00 – 22h00

Franchised. This business has great growth possibilities. Ocean Basket opened its doors 15 years ago and has established itself as South Africa’s favourite chain of seafood restaurants by successfully replicating the basic formula of simplicity, value for money and the best seafood served piping hot. In addition to the best fish, prawn, oysters, mussels and calamari, as fresh as it can be secured, these outlets also offer a sushi bar and take-aways are also catered for. Ocean Basket believes that its philosophy of establishing owner-operated outlets contributes significantly to the success of the brand as well as the individual franchise stores. Great care is exercised in selecting suitable operators who will fit well with the brand. Joining fees and monthly royalties payable.

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Contact the Agent

Billy Constantinou » +27 83 250 2013
[email protected]

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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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