Profitable 9 year old VOVO TELO in amazing location, going for a song because of circumstances!!
This 9 year old magnificent Famous Brands Franchise, is well established, and regular customers just keep coming back, because of their incredible food, service and ambience. It is the first Vovo Telo in Johannesburg, and has stood the test of time.
In addition this restaurant is situated in the heart of Auckland Park/Milpark, surrounded by Universities, Colleges, Student Housing, Blocks of Flats and Offices, where its always buzzing and busy. LOCATION LOCATION, LOCATION.
The business is Owner run, and an essential requirement of the Franchisor is that the new Owner will run the store.
The restaurant is a 90 seater, but can be increased with the patio, and it operates from 7.00am to 18.00 Monday to Saturday, Sundays,7.00 to 15.00.
Average stock holding is R80,000. The huge advantage of being part of the Famous Brands Franchise Group, is a no brainer, and the support is amazing, again ensuring success.
A brand new equivalent size Vovo Telo would cost R3.5 million to set up, and this would be an unproven no track record Vovo Telo. Logically, therefore, an established proven profitable Vovo Telo such as this one, should fetch more than a new one.
Expected turnover for the coming year would be R4.4 million, showing a Net Profit of R800,000.
PRICE: R1.65 million plus Stock.