2 X Rib & Burger Restaurants For Sale

R8,250,000.00

Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5230
Asking Price : R8,250,000.00
Ownership : Freehold


Description

Monthly Net Profit: R140,000

Location: Umhlanga & Glenwood
Rent: Umhlanga: R91,960 per month; Glenwood:R35,000 per month
Lease details: Umhlanga: 8 Years Glenwood: 4 Years Plus 5 year Option To Renew
Franchise/Joining Fees: R170,000 per store
Royalties: 5% per month
Advertising/Marketing Fees: 2% per month

Franchised. This is a National Franchise Brand that specialises in the sale of Burgers, Ribs & Chicken Wings. 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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