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Italian Restaurant And Bistro, Established 20yrs, Northern Suburbs, For Sale

Johannesburg Northern suburbs., Gauteng, South Africa
Asking Price:
R3,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This attractively designed and profitable Italian Restaurant has been open for over 20 years, with the present Owners having had the business for the past 7 years. The business is being sold because one of the owners has relocated to another Province. Over the past years, despite the Pandemic, the business has shown year on year growth, including 2022, with this past July being their busiest month the business has ever experienced in 7 years!!
Their Menu includes their now famous Pizzas and Pastas, (including baked pastas), a good selection of Veal Dishes, tasty Chicken Dishes, and excellent Oxtail. The business has garnered a reputation for top quality food, as well as excellent service, coupled with a lovely friendly ambience. They have an upstairs area, and are able to do a function in the one area while running the rest of the business as usual.
An excellent popular business that is still maintaining consistent growth and will soon start opening for Breakfast as well, which will add a whole new dimension to the store.
A well organised and well run restaurant which is a golden opportunity for a seasoned operator to continue growing the business, provided it is run 'hands-on' by the new Owner.
A top class opportunity!!!

Property Information

Real Estate:

Lease

Location:

Well located in a local suburban shopping centre in the Northern suburbs of Johannesburg, with an extremely reasonable Rental.

Premises Details:

A attractively designed double story Bistro with a small outside area as well as a lovely Bar area. They are able to do functions upstairs while running the rest of the restaurant as usual. They can seat up to 130 pax in one sitting.

Business Operation

Reasons for selling:

One of the Owners has relocated to another Province, but comes to Johannesburg every 2 x weeks or so to help the working partner.

Trading hours:

They are open from 11am to 9pm/10pm, 7 days a week, however within the next few months, they will start opening for Breakfast every day from 8am.

Employees:
They employ a Total of 12 Staff members, including 5 Waiters and one Manager, with the Owners being involved in the running of the business on a daily basis.
Years established:
The business was established 20 years ago, and the present Owners have had it for the past 7 years.

Other Information

Support & training:

The Owners will stay on for a period to be negotiated, in order to allow for a smooth handover, and to show the new Owner how they currently run their business.

Furniture / Fixtures value:
R1,500,000 - included in the asking price
Inventory / Stock value:
R80,000

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