Dros Restaurant & Wine Cellar For Sale

R3,800,000.00

Pretoria, Pretoria, Gauteng

Property Information

CODE : PP5196
Asking Price : R3,800,000.00
Ownership : Freehold


Description

Monthly Net Profit: R100,000 -- R150,000

Rent: ±R121,000 per month
Escalation: 7% per annum
Lease Amount Left & Option to Renew: July 2019 Plus Option To Renew
Store Size: ±1300m2
Seating: ±430
Trading Hours: Monday to Sunday: 09h00 - 23h00
Monthly Turnover: R1,000,000 – R1,300,000
Financials Available: Monthly Management Accounts
Franchise/Joining Fees: R100,000
Royalties: 4% per month
Advertising/Marketing Fees: 3% per month

Franchised. 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 .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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