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Great Opportunity: Restaurant In Prime Regional Mall For Sale

Klerksdorp, North - West, South Africa
Asking Price:
R100K - R500K Furniture / Fixtures included
Sales Revenue:
R3M - R8M
Cash Flow:
Under R100K

The Seller has a restaurant in a prime regional mall but can't be hands on.

Furniture and Fittings worth over R2.5mil are being offered to an experienced business person to come in and turn the business around.

Portuguese flavours with an African twist, this menu is exciting and full of potential.

Option 1:
Buy 100% for R1mil (less than asset value)

Option 2:
Buy 30% - 60% for R300k to R600k and earn an operator salary for running the business on a day to day basis. This option is only available for someone with Proven Restaurant Experience as the Seller strongly believes in the potential of the store with the right operator.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

The lease is very favourable as it was negotiated during COVID. There is 3.5 years left on the lease with an option to renew. A new lease can be entered into if 100% of the business is sold.

Leasehold Rent:

R480,000 per annum

Location:

Prime Regional Mall in Klerksdorp

Premises Details:

The most popular food section of the Mall

Business Operation

Expansion Potential:

The brand can become a franchised brand where multiple stores can be opened around the country. All rights to the brand are sold with this business.

Competition / Market:

Several Restaurants in the Area all enjoying strong turnovers

Reasons for selling:

The owner lives in KZN and therefore cannot be hands on for this business - which is required.

Trading hours:

Sun - Thurs 9am to 7pm
Fri - Sat 9am to 8pm

Employees:
25
Years established:
1.5

Other Information

Support & training:

The seller can spend up to a month training the new owner if required.

Furniture / Fixtures value:
R2,500,000 - included in the asking price
Relocatable:
This business can be relocated.
Distressed:
This business is a turnaround opportunity.