Detailed financials available on request
The Franchise is well known and strongly supported by the local community. Well set up Franchises such as these are rare and don't often come on the market. Both stores are located in busy areas with high foot falls. The asking price for both stores is R10,250,000 Excl Vat and Stock. Stock is estimated at R370,000 for both stores. The stores have shown historically strong profits and this trend has continued into the 2018 year. The previous year the stores posted a Net Profit (EBIDTA) of R2533,906 and the projected Net profit (EBIDTA)for the current financial year (end Feb 2018) based on the March to November figures is R3,215,266. Both stores have strong management staff in place and are well run. The equipment is also well maintained and in great working order. For more information on this prime opportunity please contact the listing broker: Greg King - 084 5566166 Only buyers who have signed a confidentiality agreement and proven to have the financial means to make such a purchase will be provided with more detailed information.