Parrots Restaurant For Sale

R6,500,000.00

Boksburg, East Rand, Gauteng

Property Information

CODE : PP4687
Asking Price : R6,500,000.00
Ownership : Freehold


Description

Monthly Net Profit: R140,000

Rent: R68,000 per month
Escalation: 8% per annum
Lease Details: 2 Years Plus Option To Renew
Store Size: ±490m²
Seating: 300
Trading Hours: Monday to Sunday: 07h00 – 21h30
Monthly Turnover: R950,000 per month
Financials Available: On Request From The Seller
Franchise/Joining Fees: TBA
Royalties: TBA
Advertising/Marketing Fees: TBA

Franchised. This vibey restaurant is part of a chain that first originated in Pretoria with 2 brothers and their parrot mascot “Picasso”. A great place to kick back with the family or those busy bodies that just need an on-the-go bite. Monthly royalties payable.

Parrots started with a long conversation between two brothers. They saw a need for a restaurant with great food, exceptional service and an atmosphere to match. A place where people would want to spend time together. 25 years later they still get people talking.

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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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