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Established Licenced Restaurant In Prime Centre For Sale

Pretoria East, Gauteng, South Africa
Asking Price:
R2,750,000 Furniture / Fixtures included
Sales Revenue:
R12,000,000
Cash Flow:
R1,500,000

This 270 seater Restaurant (72 outside, 198 inside) is a stalwart in the community.
A local favourite feeding and entertaining loyal patrons for the last 14 years
The well-established kitchen has a meal capacity of 400 – 600 meals at a serving
Excellent stock control and management in place
Back-up generator
CCTV linked to online portal
Improvement to the store recently made.
2 active projects on hold due to Covid
Year Established – October 2007 (+/- 14 years)
Location – Busy retail shopping centre

Annual Turnover – +/- R1 million per month.
Annual Net Profit – +/- R125 000/month
Asset Value +/- R2 600 000 (included in asking price)
Stock Value – +/- R200 000 (NOT included in asking price)
Franchise or Non-Franchise – Non franchise
Owner or Manager run? Owner-operator needed for the business  to thrive
Operating hours – Monday – Saturday 11:30 – 22:00 Sunday 10:30 – 18:00
Asking Price – R2,75m.
Reason for Selling – Owner retiring

PS: The seller and landlord will only look at a buyer with extensive and long-standing experience in the restaurant trade.
You will need to provide your track record in the industry prior to receiving further info.

Property Information

Real Estate:

Lease

Location:

Prime shopping centre

Business Operation

Reasons for selling:

Owner is retiring

Years established:
14

Other Information

Support & training:

Full Handover by owner

Furniture / Fixtures value:
R600,000 - included in the asking price
Inventory / Stock value:
R200,000

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