The well-known and respected Baron group was founded in 1993 and has been in the restaurant business for
over 25 years and has developed a reputation for excellent service, quality and special attention to detail.
The owners of the Baron Group have made a strategic business decision to franchise their Bedfordview
operation. This creates an exciting opportunity to purchase a successful established franchised business with
the full support and backing of the Franchisor.
Baron Bedfordview is centrally situated in the heart of Bedfordview within close proximity to a Hotel, business
and residential areas and it has been trading in Bedfordview for 6 years. The store seats 280 people and
incorporates a Kids play area with smoking and non-smoking areas both inside and out.
It is very popular in the area, serving good quality food and especially Steaks. There is a vibrant nightlife,
especially on Friday evenings for a party. Sundays are also well known with the families in the area who love
bringing the kids to an adult restaurant where the kids can play in this safe area.
There is also adequate parking in a large secure patrolled parking area.
A fully trained management team is in place who will support and train the new owners and staff.
The asking price is R3,000,000 (excluding VAT and Stock)
|Staff:||35 Full Time & Staff 4 Managers|
|Cash Flow:||R556,785 per annum. R46,399 per month.|
|Lease Terms:||Renewal Period of 2 (Two) years, as per the terms of the existing lease, 01 June 2019 to 31st May 2021 - Rental for Year 1 of the renewal period to be R 40040.00 excl. Vat (slight increase of 2,8%) - Rental for year 2 of the renewal period to be increased by 9% - Top-up to the rental deposit|
|End of Current Lease:||2023|
|Years Established:||6 years.|
|Trading Hours:||Monday to Thursday 12:00 to 23:00 Friday 12:00 to 02:00 Saturday 12:00 to 24:00 Sunday 12:00 to 22:00|