Old Town Italy - Grandwest Mall New Franchise Opportunity
Restaurants for Sale / 7 views / New
R 6,000,000.00
ABOUT THE BRAND Old Town Italy is a market, deli and restaurant in one, built on old-world values: slower, better-quality living, authentic Italian food and old-fashioned standards. Already trading successfully across Cape Town, Durban and Johannesburg.
WHY THIS SITE? •DIRECT INTERLEAD INTO GRANDWEST CASINO : Built-in footfall from Cape Town’s largest entertainment complex, no marketing spend required to drive traffic. •70%+
PRE-LET, ANCHORS CONFIRMED : Checkers FreshX, SuperSpar, Dis-Chem and Clicks already signed, de-risking the investment.
•PRIME N1/N2 POSITION ON JAKES GERWEL DRIVE : Maximum visibility and access from two major highways plus the N7. •NO DIRECT COMPETING
MALL IN THE CATCHMENT : Sole retail destination for Goodwood, Parow, Elsies River, Bonteheuwel, Langa and surrounds. •R600M+
DEVELOPMENT BY PROVEN PARTNERS : Flanagan & Gerard and Sun International/GrandWest, built by Isipani Construction – institutional-grade backing.
•FREE, SECURE ON-GRADE PARKING : Removes the biggest friction point for convenience shoppers. •EXTENDED DWELL TIME FROM CASINO/HOTEL/CONFERENCE TRAFFIC : Captures visitors already on-site for entertainment, extending trading hours beyond a typical mall.
- Listing ID: 7821
- Location: Grandwest Mall, Cape Town
- Initial Joining Fee: R400,000
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Financial details:
Set-Up Costs: R6,000,000 - R8,000,000,
Unencumbered Cash Required: 50% of Set-Up Costs
Royalties: 6% per month
Advertising/Marketing Fee: 2% per month
Store Size: 374m2