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Extremely Popular & Profitable Italian Restaurant, East Rand, For Sale

East Rand, Gauteng, South Africa
Asking Price:
R4,550,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This brilliant Italian/Mediterranean restaurant has been open for the past 18 years, and is still owned by the original operator. They have also added a full Sushi Menu and they have one of the best selections of wines on the East Rand. The business has been extremely successful and has been growing year on year. Aside from their local regulars and passing trade, the restaurant has regular customers coming to spend an evening with them from all over Gauteng, as they are well located near the Highway, and their reputation precedes them. They have gained the reputation of being one of the best Italian Restaurants in Gauteng. The Restaurant is well known for its wide selection of mouth watering Pizzas & Pastas and delicious Mains for all tastes, from Steaks, to Chicken, to Fish & Seafood, plus a variety of fabulous Desserts, all served in an ambience that is typical of that found in the friendly local Italian restaurants of Italy. Coupled with this comes excellent service from their well trained Staff. They are also known as an ideal venue for any function, from Birthdays to Engagements and any Corporate Function, and will gladly create a Set Menu to suit any Budget, when and if required.
The business has thrived over the years and even remained profitable at the height of the previous Covid 'era' of 2020 and 2021. During the past 18 years it has proved to be an extremely sustainable operation, and is still going strong. An excellent well run and profitable business, in a very convenient location on the East Rand.
As the present owner intends to emigrate, the business has now become a brilliant opportunity for an experienced operator to take over a business that is already very profitable, and that still has room for plenty of growth.
A lovely opportunity that must not be missed by any experienced 'hands on' Owner/Operator!

Property Information

Real Estate:

Lease

Location:

Conveniently located near the Highway in the East Rand in a suburban shopping centre with lots of secure parking.

Premises Details:

A lovely well designed store with a nostalgic Mediterranean/Italian ambience and a Menu of Italian and Mediterranean dishes, plus a full Sushi Menu and a very large selection of Wines. The Restaurant is able to accommodate 128 pax in one sitting.

Size in square feet:
The size is 360sq metres.

Business Operation

Expansion Potential:

The Seller is emigrating and so has included the Trade Name, (which was registered a few years ago.

Competition / Market:

There are some other Restaurants and Fast Food operations in the Centre, but there is no direct competition to this store in the centre.

Reasons for selling:

The Owner is emigrating, and has another restaurant already up and running overseas.

Trading hours:

The Restaurant is open Mondays to Saturdays from 11am to 10pm, and Sundays and Public Holidays from 11am to 9pm.

Employees:
They have a Permanent Staff Compliment of 17, which includes the Kitchen and Soda Fountain Staff, plus 10 Waiters. The Owner Managers the shop himself, 'hands-on'!
Years established:
The business has been running for 18 years.

Other Information

Support & training:

The Seller will stay on for a Period to be negotiated to help the new Owner enjoy a smooth transition without any hiccups.

Furniture / Fixtures value:
R2,800,000 - included in the asking price
Inventory / Stock value:
R200,000