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Family Restaurant And Steakhouse In Roodepoort For Sale

Roodepoort, Gauteng, South Africa
Asking Price:
On request
Sales Revenue:
R9,600,000
Cash Flow:
Available on request

This brilliant Family Restaurant and Steakhouse has been owned by the present Owner for the past 30 years!!! He has been in his present location, which is a lovely suburban shopping centre in the Roodepoort area for the past 3 years.
The restaurant is beautifully designed and caters for all tastes, from their Legendary Burgers and Steaks to Pizzas & Pastas, Tramezzini, Spare Ribs and Combo Dishes. Added to this is their very popular Carvery that they offer everyday, with late Breakfasts on the weekends. They also have a beautiful play area for children, and a lovely enclosed Patio area.
This is a top class operation with years of experience in the market place, and still extremely profitable to boot!!

Property Information

Real Estate:

Lease

Location:

A beautifully designed restaurant with a lovely enclosed verandah area and an excellent play area for children, located in a convenience shopping centre with a mix of a good variety of retail outlets, including a national Supermarket.

Business Operation

Competition / Market:

They do not have any direct competition in the centre.

Reasons for selling:

The present owner wishes to Retire.

Trading hours:

They are open from 11am to 9-30pm during the week; Fridays until 10pm; Saturdays 10am to 10pm and Sundays from 10am to 8-30pm.

Employees:
They employ a Total of 33 Staff members including Kitchen Staff, Waiters and 4x Managers.
Years established:
The business has been established for nearly 50 years, when there were plenty of other branches in Gauteng which over the years are no longer in existence, however, this paticular owner has had his store for the past 30 years.

Other Information

Support & training:

The Owner will be available to train the Purchaser for a period to be negotiated, including handing over his Intellectual Property and Patents. It is most advisable that the new owner has previous experience in the Food Business, and is prepared to run the Business himself, otherwise the Landlords will not approve the potential Purchaser, and will not give him/her a Lease.

Furniture / Fixtures value:
R6,500,000
Inventory / Stock value:
R250,000

Contact Information

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