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Leading Function Venue, Cocktail Bar & Restaurant For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
R2,900,000

This excellent upmarket venue is well located in a key site in a major entertainment complex in Gauteng. Their Functions include Launches & Conferences, as well as any Private Functions such as Birthdays Engagements & Weddings and also small intimate parties, yet at the same time, because of the clever layout of the venue, they still attract their regular customers coupled with passing trade customers who are simply looking for a special night out for dinner and dancing, with top cuisine and excellent service. They have State-of-the-Art Audio-visual Equipment including professional Lighting, DJ Booth and Dance Floor. All of the aforementioned comes with a unique attractively designed interior with a warm friendly ambience, plus an excellent regular A la Carte Menu and various different Function Menus to choose from.
A top well established profitable Venue with a history of success that should preferably be run by an experienced 'hands-on' Owner/Operator, who can continue to grow the business by adding his own personal touch to the operation, with a fresh, new, and improved slant to this leading Function venue, Cocktail Bar & Restaurant.
An top opportunity not to be missed by Operators who are experienced in running this specialised type of Venue in this prestigious key location!!

Property Information

Real Estate:

Lease

Location:

Major entertainment complex in Gauteng.

Premises Details:

Beautifully designed Venue with State of the Art Audio and Video Equipment including DJ Booth and Stage Lighting. Designed to have a Function in one area while running the rest of the Restaurant as usual.

Business Operation

Competition / Market:

Although there are many food outlets in the complex they have no direct competition in the building.

Reasons for selling:

The owners wish to retire.

Trading hours:

They are open Mondays and Tuesdays from 10am to 5pm, (but will accept a Function for the evening if it is booked). Wed. to Fri. 10am to Late and Saturday 4pm til Late. Sundays are optional.

Employees:
Normally they employ a total of 38 Staff Members. During the Covid-19 Lockdown, they cut back on Staff, and although they are now open again, they are not running full Shifts yet.
Years established:
This business has been established for over 10 years.

Other Information

Support & training:

The Owners will stay on for a period to be negotiated in order to train the new owner in the way they run the business at the moment.

Furniture / Fixtures value:
R4,000,000 - included in the asking price
Inventory / Stock value:
R300,000

Contact Information

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