Ocean Basket For Sale

R2,950,000.00

Sunninghill, Johannesburg, Gauteng

Property Information

CODE : PP5879
Asking Price : R2,950,000.00
Ownership : Freehold


Description

Monthly Net Profit: R86,000

Rent: R114,000 per month
Escalation: 8% per annum
Lease Details: 2½ Years Plus Option To Renew
Store Size: 274m² - Inside; 60m² - Outside
Seating: 132
Trading Hours: Monday to Sunday: 12h00 – 22h00; Sunday: 12h00 – 21h00
Franchise/Joining Fee: R150,000
Royalties: 4.5% per month
Advertising/Marketing Fee: 2.5% per month

Since the first Ocean Basket opened the brand has established itself as South Africa’s favourite chain of seafood restaurants by successfully replicating the basic formula of simplicity, value for money and the best seafood served piping hot. In addition to the best fish, prawn, oysters, mussels and calamari, as fresh as it can be secured, Ocean Basket outlets also offer a sushi bar and take-aways are also catered for. Ocean Basket believes that its philosophy of establishing owner-operated outlets contributes significantly to the success of the brand as well as the individual franchise stores. Great care is exercised in selecting suitable operators who will fit well with the brand.

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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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