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Family Restuarant And Grill Established For Sale

West Rand, Gauteng, South Africa
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
R9,000,000
Cash Flow:
Available on request

This excellent long established business has been in its current location, and owned by the same owners for the past 22 years. Obviously very well known in the area, besides being a destination family restaurant for people from all areas of Johannesburg, they have also built up many, many regulars who keep on coming back for their favourite meals. The restaurant's emphasis has always been on producing good well prepared 'traditional home cooking' with an extra flare, coupled with top class service. They cater for all kinds of functions from various family functions to more formal business functions. The business is well run and well organised with a fabulous very large kitchen, including it's own Generator that can run the shop 100%. The restaurant is well known for their Oxtail, LM prawns, Homemade Pies as well as their special Lamb Roast.
This is a brilliant business that, (with an experienced 'hands-on' owner/operator), still has room for growth, and is an opportunity of note for all serious restaurant entrepreneurs that should not by passed by!!.

Property Information

Real Estate:

Lease

Location:

Well located and very visible from the street, and has been in the same location for 22 years.

Premises Details:

Well appointed classy décor and kept in very good condition.

Business Operation

Competition / Market:

None in the nearby vicinity.

Reasons for selling:

The owner is involved in another operation and after 22 years would like a new challenge.

Trading hours:

The business is open 12pm to 10 pm Monday to Friday, and Saturdays from 6pm to 10-30pm, while on Sundays they are open from 12pm to 2-30pm only.

Employees:
Besides the owner working full time in the business, they have 32 Staff members including the waiters and 2 Managers.
Years established:
The business has been established for more than 22 years, however the present owners have been in the business for the last 22.

Other Information

Support & training:

The owners will stay on for a period to be negotiated in order to help the new owner settle in properly, as well as to make for a smooth transition from the old to the new. It is preferable for the Buyer to be an experienced operator who wants to run this kind of business 'hands-on'!

Furniture / Fixtures value:
R3,000,000 - included in the asking price
Inventory / Stock value:
R250,000

Contact Information

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