This lovely and very profitable Thai Food & Sushi Franchise is very well located in a popular strip mall in the East Rand. The mall includes one of the large National Supermarkets as its anchor store, as well as many other national brand stores, plus most of the various Banks' ATMs. There are now over 60 Franchises in this Group, including those in the Cape, KwaZulu-Natal, and Gauteng. This particular branch was opened by the present owner in 2013 and has gained a reputation for producing a top-quality product, coupled with the best service. In fact, the shop has won 'Best of Joburg' and 'Best of Ekhuruleni', almost every year since 2013! Besides their passing trade, they have built up a very strong regular clientele, and have 3000 to 3500 customers through their store per month, with the average spend per head being R180 to R210. Their percentage of sit-down customers to takeaways and deliveries, including Uber and Mr. D is approximately 50/50. They also have a Liquor License. The shop is in very good condition and will need a small revamp that will cost approximately R500k, and which revamp can be checked with the Franchisor, and the Selling Price will be adjusted accordingly.
A brilliant, well-run business with full training supplied by the franchisor.
An excellent opportunity, with a very good ROI!!
- Asking Price:
- R3,600,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Very well located in a busy strip mall in the East Rand, with lots of parking and easy access to the shop.
Business Operation
- Competition / Market:
-
There are other food outlets in the centre, however they have no direct competition in the centre, but these few outlets make for a lovely festive ambience in the centre, especially at night with lots of customers frequenting the different food outlets available.
- Reasons for selling:
-
The owner needs to sell owing to health reasons, and needs to move to another Province.
- Trading hours:
-
They are open Mondays to Thursdays from 11am to 9pm; Fridays 11am to 9-30pm; Saturdays 11am to 9pm & Sundays 11am to 8pm.
- Employees:
- They employ a Total of 18x Staff including 2x Managers that have been with the business since day one, and also including 6 waiters. The Staff turnover in this business has always been very low!!
- Years established:
- The business was opened by the present owner 10 years ago.
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
All Training and Support will be given to the new owner by the Franchisor who will insist on a
certain period of Training before the Takeover Date.
- Furniture / Fixtures value:
- R3,000,000 - included in the asking price
- Inventory / Stock value:
- R100,000
