Lupa Osteria In Design Quarter For Sale

R3,800,000.00

Fourways, Johannesburg, Gauteng

Property Information

CODE : PP5156
Asking Price : R3,800,000.00
Ownership : Freehold


Description

Monthly Net Profit: R160,000 – R180,000

Rent: R68,250 per month
Escalation: 8% per annum
Lease Amount Left & Option to Renew: 4 Years
Store Size: 390m²
Seating:150
Trading Hours: Monday to Sunday: 11h30 – 22h30
Monthly Turnover: R850,000 – R1,100,000 per month
Commission: 5%
Franchise/Joining Fees: TBC
Royalties: 5% per month
Advertising/Marketing Fees: 1% per month

Franchised. Lupa is a neighbourhood Osteria where one feels comfortable enjoying a casual affordable family dinner of pizza and pasta with a carafe of house wine or dining on shellfish, fresh fish and veal with corporate clients. They offer an inviting bar for a pre or post dinner cocktail or grab a pizza and a a craft beer at a bar table. Pasta is homemade and pizza is wood fired using only imported 00 Italian flour organic free range chickens and the finest veal we can source add to the authentic Italian experience. Must be owner-run or managed by operator with a minimum of 40% equity.
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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