Dros Restaurant & Wine Cellar For Sale

R3,000,000.00

Umhlanga Gateway, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5179
Asking Price : R3,000,000.00
Ownership : Freehold


Description

Monthly Net Profit: R100,000

Rent: R150,757.20 per month
Escalation: 8% per annum
Lease Details: March 2021
Store Size: 470m2
Seating: 400
Trading Hours: Monday to Sunday: 09h00 - 23h00
Turnover: R1,000,000 per month
Financials Available: On Request from The Seller
Franchise/Joining Fees: R100,000
Royalties: 4% per month
Advertising/Marketing Fees: 3% per month

Franchised. Manager run. The Drostdy is a well-known landmark, not only in Stellenbosch but throughout the whole of South Africa. In April 1996 an enormous change took place at the Dros with the formation of the ‘Dros Concept’, a combination between a wine cellar and a restaurant. The founder and owner wanted to present the public with a truly South African concept accessible to all ages and tastes. This concept proved successful as many people from all over the country, as well as overseas visitors, frequented the Dros. This in turn led to the franchising of this unique restaurant. This restaurant has recently been revamped.

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Contact the Agent

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

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