Piatto Restaurant & Grill For Sale

R2,950,000.00

Benoni, East Rand, Gauteng

Property Information

CODE : PP4558
Asking Price : R2,950,000.00
Ownership : Freehold


Description

Monthly Net Profit: R120,000

Rent: R81,450 per month
Escalation: 8% per annum
Lease Details: September 2017 Plus Option To Renew
Store Size: 444m² Inside - 122m² Outside
Seating: 262
Trading Hours: Mon to Thurs & Sun: 09h30 to 00h00; Fri & and Sat: 08h30 – 00h00
Monthly Turnover: R805,000 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. Manager run. Located in a Regional Shopping Centre in the east of Gauteng. 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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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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