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Established & Profitable Grill and Sports Bar For Sale

Randburg, Gauteng, South Africa
Asking Price:
R3,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R11,000,000
Cash Flow:
R1,400,000

We have an exclusive mandate to find a new owner for this awesome business.

This popular restaurant and sports bar has been operating for 17 years and serves breakfast, lunch and dinner.

The downstairs section has a Bar area, Dining area, outside seating and a very well-appointed kiddies play area.

Upstairs is the Sports Bar which gets very business with English Premier League, Cricket and Rugby games.

The upstairs section has 2 sections that can be closed off for private functions and parties!

The 840m2 venue has seating for 440 customers.

Ample secure parking available.

Turnover – R11million.

Net Profits – R1,4million.

Selling Price – R3,5m.

Reason for selling – The owner is relocating to the Garden Route.

Further info will be provided upon signing an NDA and Proof of funds.

Property Information

Real Estate:

Lease

Lease Terms:

Buyer will sign a new Lease

Leasehold Rent:

R1,000,000 per annum

Location:

Busy centre

Premises Details:

Freestanding bulding with ample secure parking

Business Operation

Reasons for selling:

Owner is relocating to the Cape.

Trading hours:

Open 7 days a week

Employees:
26
Years established:
18

Other Information

Support & training:

Full handover by owner.

Financing available:

No

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R100,000 - included in the asking price