RJ's Steakhouse Franchise Opportunity

R1,000,000.00

Glenwood, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4917
Asking Price : R1,000,000.00
Ownership : Freehold


Description

Projected Monthly Net Profit: R50,000

Rent: R18,000 per month
Escalation: 8% per annum
Lease Details: 5 Years
Store Size: ±220m²
Seating: 80
Trading Hours: Sunday to Saturday: 08h00 – 23h00
Projected Monthly Turnover: R300,000 per month
Unencumbered Cash Required: R1,000,000
Franchise/Joining Fees Payable By Franchisees: R120,000
Royalties Payable By Franchisees: 5% per month
Advertising/Marketing Fees Payable By Franchisees: R7,500 per month

This is a fantastic opportunity for a first time operator. This store can be trading by mid-December. Must be owner-run or managed by operator with a minimum of 40% equity. Training is conducted in Durban within an existing operation. The new franchisee and his/her team will undergo an intensive training program, which encompasses both the theoretical and practical on the job training. The training is designed to prepare the participants fully for the operation of their new business.

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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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