A well-known fast-food restaurant franchise business is located at Nigi Nigi Nu Noos Resort, station 2, Boracay Island, Malay, Aklan, Philippines. Nigi Nigi Nu Noos is famous for its bar where most of the foreign tourists would go to hear the famous band and have drinks and eat good food.
The store is just in front of the famous white beach of Boracay. Where the heart of all the famous restaurants and hotels can be found.
This franchise business opened in October 2013 with a 10 years lease (with an additional 2 years extension) at Nigi Nigi Nu Noos Resort and the Franchise agreement is for 20 years.
What is unique about this franchise business is the fact that no one else has been allowed to open another one on Boracay.
- FLOOR AREA (33.60 sqm)
It has a bar-type seating having a perfect view of the famous white beach.
Mostly, tourists would have their sandwich for take-out or they can also use the seats of the near local restaurant to enjoy their freshly baked sandwiches.
PRICE – TERMS
Sale includes all furnishings, equipment, fixtures, inventory, goodwill and our initial P240K security deposit at lease end. The average cost of a new franchise business being built in the Philippines is P8.5M – P10M.
Contract lease is until 2027.
Potential buyer will have to be vetted by franchise Philippines before purchase will be approved. Potential buyer to make an earnest money offer of 20% which will be held pending final approval by franchise Philippines.
PURCHASE COST: 5,000,000 PHP (negotiable)
POTENTIAL RETURN: 300,000.00 PHP MONTLY
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|Property Type:||COMMERCIAL BUSINESS|