Adega Restaurant (Halaal) In Gateway For Sale


Umhlanga, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP5827
Asking Price : R6,500,000.00
Ownership : Freehold


Monthly Net Profit: R163,000

Rent: R135,000 per month
Escalation: 8% per annum
Lease Details: 2 Years Plus 10 Months
Store Size: 214m²
Seating: ±110 – Inside; 70 - Outside
Trading Hours: Sun To Thurs: 11h30 – 21h00; Fri & Sat: 11h30 – 22h00
Franchise/Joining Fee: R150,000
Royalties: 4.5% of Net Turnover
Advertising/Marketing Fee: 1% of Net Turnover

This Halaal Adega is a Traditional Portuguese Restaurant. The store is strategically located in KZN’s premium shopping centre. This must be owner-run or managed by operator with a minimum of 40% equity. Training is conducted within an existing operation. This is a great opportunity for a quality operator to take this exceptional business to the next level.

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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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