Well known bar in Vredenburg with a 9 year history is up for sale. We offer a 6 month rent to buy option as well.
- Asking Price:
- On request Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- On request
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
One of the owners ows the building, and are willing to put in a proper lease of up to 10 years.
- Leasehold Rent:
-
R180,000 per annum
- Location:
-
It is next to one of Vredenburg's main roads and there is a lot of parking
- Premises Details:
-
It is located in a sentrum where there is business around that operates during the day.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
There is alot of opurtunity for growth. The back can be used too as it is under the licensce as well for an outside seating. The new gambling license to get up to 20 slots in total will be realeased in the next year.
- Reasons for selling:
-
Owners wants to move out of the hospitality industry.
- Trading hours:
-
10:00 - 02:00 monday to saturday
- Employees:
- 5
- Years established:
- 2017
Other Information
- Support & training:
-
The owner will offer supporta and training untill the new management is comfortable.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
We have a 6 months to rent to buy option with a 5% deposit to be paid up front.
- Furniture / Fixtures value:
- R1,000,000 - included in the asking price
- Inventory / Stock value:
- R80,000 - included in the asking price
