Olive & Oil In Pietermaritzburg For Sale

R5,400,000.00

Pietermaritzburg, Midlands, Kwazulu Natal

Property Information

CODE : PP6208
Asking Price : R5,400,000.00
Ownership : Freehold


Description

Net Profit: R150,000 per month

Rent: R81,000 per month
Lease Details: 3½ Years Plus 5 Year Option To Renew
Store Size: 380m²
Seating: 120 – Inside; 50 - Outside
Trading Hours: Monday – Thursday: 12h00 – 15h00; 17h30 - 21h30; Friday 12h00 – 15h00; 17h30 - 22h00; Saturday: 12h00 – 21h30; Sunday: 12h00 – 20h00
Royalties: 5% per month
Advertising/Marketing Fees: 2% per month

Trading since 2012 and strategically positioned in the Cascades Mall, this intrinsically Mediterranean-inspired venue has a well established reputation. Olive & Oil boasts of delicious food, great service and an ambiance that lends itself to casual dining or special occasions. The pivotal philosophy behind each Olive & Oil restaurant is that of serving comfortable food made exceptionally well by nice, people. The ethos that underpins it is that of food, fun and family. Whilst the market Is faced with fast food or fast-casual affairs for families, the niche cornered by Olive & Oil is that of a full table service family restaurant, where food can be enjoyed at leisure and the whole family is welcome.

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Contact the Agent

Billy Constantinou » +27 83 250 2013
[email protected]

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