RJ's Steakhouse In Umhlanga For Sale

R1,200,000.00

Umhlanga, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP4942
Asking Price : R1,200,000.00
Ownership : Freehold


Description

Monthly Net Profit: R60,000

Rent: R36,000 per month
Escalation: 9% per annum
Lease Details: 4 Years & 5 Year Option To Renew
Store Size: 240m2 Inside - 180m2 Outside
Seating: 40 Inside - 120 Outside
Trading Hours: Monday to Sunday: 08h00 – 22h00
Monthly Turnover: R400,000 per month
Financials Available: On Request from The Seller
Franchise/Joining Fees: R150,000
Royalties: 5% per month
Advertising/Marketing Fees: R11,000 per month

Franchised. Currently operating as a Halal store but can be converted into a generic store. This restaurant is strategically located in the heart of Umhlanga Village. Franchising is an ideal choice for individuals who are passionate about starting their own business. However, a franchise will not work if you are not committed and running the business yourself. The training offered by the franchisor and the benefit of their experience will compensate for any lack of knowledge the franchisee may have in running a restaurant. Joining fees and monthly royalties payable.

Image Gallery

Contact the Agent

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

Your Information







  

  

  



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.

Property Management Banner