Ocean Basket - Cradlestone Mall For Sale
R750,000.00
Krugersdorp, West Rand, Gauteng
Property Information
| CODE : | PP7672 |
| Asking Price : | R750,000.00 |
| Ownership : | S/Title |
Description
Our mission is to deliver the best seafood at great prices. We believe in sharing and creating a sense of family. We do everything with a playful spirit and embrace our Mediterranean passion for life. Generosity is at the core of everything we do, everyone is welcome- it is a restaurant destination for diners seeking a quality, affordable meal in a relaxed environment. Since the first store opened its doors 1995, 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.
Number Of Years In Business: 11 Years
Reason For Selling: Other Business Interests
Selling Price: R1,250,000 Plus Revamp Costs
Net Profit: Nil
Rent: R60,400 per month
Escalation: 8% per annum
Lease Details: New Lease
Seating: ±144
Store Size: 350m²
Trading Hours: Monday to Sunday: 10h30 – 20h30
Franchise Fees/Joining Fees: R180,000
Royalties: 4.5% per month
Franchise Fees/Joining Fees: 2.5% per month
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Contact the Agent
Billy Constantinou » ++27 83 250 2013
[email protected]
Your Information
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.
