Blacksteer Diner Franchise Opportunity

R2,400,000.00

Durban North, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5151
Asking Price : R2,400,000.00
Ownership : Freehold


Description

Rent: R34,320 per month
Escalation: 8% per annum
Lease Details: 5 Years Plus 5 Year Option To Renew
Store Size: 260m²
Seating: ±100
Trading Hours: Monday to Sunday: 08h00 – 21h00
Projected Monthly Turnover: TBC
Projected Monthly Net Profit: TBC
Total Set-Up Cost: R2,400,000
Unencumbered Cash Required: R1,100,000
Commission: R50,000
Franchise/Joining Fees: R150,000
Royalties: 5% per month
Advertising/Marketing Fees: 3% per month

Blacksteer is the original Steak House since 1963. It has become a household name famous for their steaks, burgers and legendary ribs. The Franchisees of this brand have stood the test of time and seen competition come and go. Running a Blacksteer franchise requires structure, administration and management. The franchisee must be physically capable of working the hours required in this business and the typical age of a franchisee is between 28 and 55.Training is conducted in an existing operation. The new franchisee and team will undergo an intensive 6 week 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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