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Cocktail Bar, Restaurant & Cigar Lounge, Northern Suburbs For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R3,950,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Five years ago the present owners opened this beautifully appointed, very classy Cocktail Bar and Cigar Lounge. Its attractive Décor was designed to cater to the upmarket local and international party crowd, and the tasteful look and warm ambience of this venue make it suitable for a relaxed daytime visit for a meal, drink and a cigar to conclude, yet at the same time it adapts to becoming a suitable and comfortable elegant venue for a vibey night out. Their Menu has drinks and food that caters to all tastes and they have a great selection of Cigars & Cocktails to boot. The business caters for a wide variety of Corporate Functions, from Product Launches to Presentations, as well as Personalised Celebrations of all sorts from Birthdays to Engagement parties.
Owing to the fact that the operator no longer lives in Johannesburg, the business is mainly Manager run by their very well trained Managers, although the owner is always hands on via his computer, but also flies up to Johannesburg every 2nd week.
An excellent opportunity for an experienced 'hands-on' owner/operator to develop this already very profitable business, and together with their very competent Managers, it will be easy to move forward and take the business to the next level.

Property Information

Real Estate:

Lease

Location:

Well located in a very upmarket, popular shopping area in the Northern suburbs of Johannesburg, with good day-time and night-time trade.

Premises Details:

A beautifully designed Bar & Restaurant with a very elegant classy feel about the entire venue.

Business Operation

Competition / Market:

Although there are plenty of Restaurants and night venues in the area they have no direct competition in the nearby vicinity.

Reasons for selling:

The Owner/Operator no longer lives in Gauteng and the logistics of continually traveling all the time has become a burden.

Trading hours:

They are open Tuesdays to Saturdays from 3PM til late, and closed on Mondays.

Employees:
They employ a Total of 20 Staff, which includes the waiters and 2x Managers and 1x Marketing Manager.
Years established:
The business was started 5 years ago by the present owners.

Other Information

Support & training:

The Seller will stay for a period to be negotiated to train the purchaser as to how he runs the business at present, and to help for a smooth cross over from Seller to Purchaser.

Furniture / Fixtures value:
R2,500,000 - included in the asking price
Inventory / Stock value:
R450,000

Contact Information

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