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Businesses For Sale   >>   Worcester Businesses For Sale   

Franchise Family Restauran In Winelands

Location  Worcester, South Africa
Asking Price Range  < $250K
Gross Revenues  $540000
Net Profit / Cash Flow  $85000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1997
Number of Employees  20 - 34
Inventory  175000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  Coupled to the support of National marketing, promotions and events, as well as local advertising; a hands-on entrepreneur will have all the tools to grow the turnover and continue the success of this restaurant.
Reason for Sale  The owner was widowed a few years ago and now wishes to relocate and live closer to family in Cape Town.

Description  
- This restaurant business is Priced at R2,75 million & located in the Winelands - part of a National Franchise Group, which has now become an irresistible South African favourite, catering for all ages and tastes, offering a wide variety of fun distractions for the whole family. - The original restaurant that started this Group was opened in Stellenbosch many years ago; but in 1996 an enormous change took place, resulting with the formation of the ' Concept' - a combination between a wine cellar and a restaurant. - The founder and owner, wanted to present the public with a truly South African concept accessible to all ages and tastes. It proved so successful, as many people from all over the country, as well as overseas visitors, frequented the Original restaurant. - This in turn led to the franchising of this unique restaurant; where Sports Lovers can remain glued to live sports fixtures (on our large TV screens), while kids are kept occupied in the fun-filled Play Areas. - In addition, wine connoisseurs are invited to partake of the extensive wine selection, while those with more homely tastes are welcomed to the cosy bar area, where choices abound in drafts, beers, cocktails and other firm favourites. - Besides all of this, the Franchise' strength has always been firmly grounded in preparing and serving, HIGH-QUALITY & TASTY FOOD; including premium quality prime steaks and grills, succulent ribs, juicy burgers, fresh salads, pizzas, desserts and more. - The business is currently owner run, assisted by a family member who has been commuting from Cape Town; - The lease has 3 years to run and a renewal option is in place.


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