Nikos Coalgrill Greek For Sale

R8,000,000.00

Ballito, North Coast, Kwazulu Natal

Property Information

CODE : PP5884
Asking Price : R8,000,000.00
Ownership : Freehold


Description

Monthly Net Profit: R250,000

Rent: R75,000 per month
Escalation: 7% per annum
Lease Details: 4 Years Plus 5 Year Option To Renew
Store Size: 450m²
Seating: 220
Trading Hours: Monday to Saturday: 12h00 – 22h00; Sunday: 12h00 – 21h00
Franchise/Joining Fee: R145,000
Royalties: 5% per month
Advertising/Marketing Fee: 2% per month

Situated on the Ballito beachfront with a view over the ocean like that, you are in for an amazing treat. The decor and vibe is fresh and fun. Nikos marries contemporary dining with traditional home-style Greek cooking, coal grilled to perfection. This is a fantastic opportunity for a hands-on operator or a family run business.


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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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