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Busy Restaurant And Takeaway In Benoni For Sale

Benoni, Gauteng, South Africa
Asking Price:
R800,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3,600,000
Cash Flow:
R720,000

Established restaurant and busy takeaway in the bustling “diner’s strip” of Benoni.
This well-known, vibey, cosy, traditional Portugese restaurant is a unique take-over, hit-the-ground-running opportunity, with 2 profitable businesses under 1 roof. The restaurant and takeaway each bringing in their own cash flow and attracting different markets.

Purchase of the property with the business is optional.

Features:
• Situated on Russel Street in Benoni, a hub of dining activity
• 150 seater at full capacity - 100 seats outside (50% covered), 50 seats inside
• Al fresco dining
• Live music festivals
• No franchise fees
• Independently owned
• Liquor License
• Good supplier relations
• Strong, loyal client base
• VERY strong Facebook / social media following
• Point of Sale (POS)
• Takeaways not yet linked with Mr D – potential for growth and an increase in turnover
• Takeaway business has potential for franchising – fish & chips franchises are in demand
• Potential for a carwash to be opened on site – guaranteed cash flow

Property Information

Real Estate:

Lease

Lease Terms:

Lease Agreement: Buyer to sign new lease agreement. Lease is renewable.
Rental: R15 000 per month (Deposit required – 1 month)
Utilities/Rates: Gas (~R2 500/month) Electricity & Water (~R12 000/month)

Leasehold Rent:

R180,000 per annum

Location:

• Situated on Russel Street in Benoni, a hub of dining activity

Premises Details:

• 150 seater at full capacity - 100 seats outside (50% covered), 50 seats inside
• Al fresco dining
• Live music festivals

Business Operation

Expansion Potential:

• Takeaways not yet linked with Mr D – potential for growth and an increase in turnover
• Takeaway business has potential for franchising – fish & chips franchises are in demand
• Potential for a carwash to be opened on site – guaranteed cash flow

Reasons for selling:

Owner's emigrating

Trading hours:

Tuesday – Saturday: 10:00 – late
Sunday 10:00 – 16:00

Employees:
4 permanent staff members and owner hands on full-time
Years established:
23 years (Business Est. 1997, at current address for 18months)

Other Information

Support & training:

Full support & training offered on hand over

Furniture / Fixtures value:
R200,000 - included in the asking price

Contact Information

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