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Bustling Mexican Restaurant In Bryanston, Jhb For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,500,000
Sales Revenue:
R7,000,000
Cash Flow:
R100,000

Mexican Restaurant in the extremely busy Shopping Centre has been operating for almost 5 years and we are still going strong. The shop is fully equipped and completely operational. We had a pre-covid turnover of R7m p.a and this reduced to R6m p.a during the lockdown period as we have adapted well and maintained our loyal clientele. We have a large outside patio which allows for adequate social distancing. It has won the award for Best Mexican Restaurant at the prestigious Eat Out Awards and we continue to receive great reviews across all of our social media platforms The centre provides loads of safe, free parking and has a built in generator so we never suffer from load shedding.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Last year if lease although landlord will enter into a new lease with new owners.

Leasehold Rent:

R756,000 per annum

Location:

Bryanston, JHB.

Premises Details:

Shop in a busy busy centre...

Size in square feet:
253

Business Operation

Expansion Potential:

We had 3 Perron shops before lockdown and we considering franchising as they are very popular shops.

Competition / Market:

No other Mexican restaurants close by. The 4 other restaurants in the centre are also very busy due to the high LSM and amount of foot traffic in the centre.

Reasons for selling:

I moved to Cape Town during lockdown to find work, have settled in well and would like to stay, so need to sell the business.

Trading hours:

Mon - Sat 12pm - 11pm
Sunday 12pm - 7pm

Employees:
12 permanent and 7 waiters/bartenders
Years established:
5

Other Information

Support & training:

We will gladly do a handover period as well as help with any future menu ideas etc if required.

Furniture / Fixtures value:
R700,000
Inventory / Stock value:
R50,000
Website:
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