Adega Restaurant For Sale

R5,800,000.00

Boksburg, East Rand, Gauteng

Property Information

CODE : PP4880
Asking Price : R5,800,000.00
Ownership : Freehold


Description

Monthly Net Profit: R175,000

Rent: R78,500 per month
Escalation: 8% per annum
Lease Details: 3 Years Plus 5 Year Option To Renew
Store Size: 700m² Plus Kids Play Area 200m²
Seating: 300
Trading Hours: Sunday to Thursday: 10h00 - 22h00; Friday & Saturday: 10h00 - 00h00
Monthly Turnover: R1,000,000 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. Adega is a well known franchised Portuguese Restaurant situated in a strip mall on one of the busiest main roads in Boksburg. The business is well established and known in the area. It is currently manager run and has the potential to perform even better if it is owner operated. Large kids play area.

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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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