Adega Restaurant For Sale

R1,300,000.00

Overport, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5077
Asking Price : R1,300,000.00
Ownership : Freehold


Description

Rent: R44,216 per month
Escalation: 8% per annum
Lease Details: 8 Months Plus Option To Renew
Store Size: 280m²
Seating: ±200
Trading Hours: Monday To Sunday: 11h00 – 22h00
Monthly Turnover: R381,000 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 – Halal. Adega serves traditional Portuguese cuisine. The franchise specialises in seafood, chicken and meat. Each outlet stocks a considerable wine selection. After having been approved by Adega, application for finance can be made through contacting the Portfolio Manager at Franchise Finance. They will gladly explain the funding criteria and facilitate the application with any of our funding partners. It is an exceptional business for an owner/operator. 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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