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Leading Italian Restaurant, Established 17 Years, East Rand For Sale

East Rand, Gauteng, South Africa
Asking Price:
R4,000,000 Furniture / Fixtures included
Sales Revenue:
R10,000,000
Cash Flow:
Available on request

If you love authentic Italian and Mediterranean Food, then this is is the business for you!!!
Added to the aforementioned is a full Sushi Menu and the biggest selection of wines on the East Rand. Opened by the original owner 17 years ago, this fabulous Restaurant is extremely successful and has been growing year on year, and is still owned by the original Owner. Producing this fusion of Italian & Mediterranean Food, the business has regular customers coming to spend an evening with them from all over Gauteng, as they are well located near the Highway, and their reputation precedes them. They are well known for their wide selection of mouth watering Pastas & Pizzas, and choice Mains for all tastes, from Steaks, to Chicken to Fish & Seafood and a variety of fabulous Desserts, all served in an ambience that reminds one of a typical nostalgic warm & welcoming Mediterranean/Italian restaurant, coupled with excellent service from their well trained Staff. They are also known as the ideal venue for any function, from Birthdays to Engagements as well as any Corporate Function, and will create a Set Menu to suit any Budget if required.
The business has thrived over the years and has even remained profitable during most of the current Corona Pandemic, except of course if they were completely closed, or if there was an extra heavy Curfew for a certain period. It has proved itself to be an extremely sustainable operation over the past 17 years, and is still going strong. An excellent well run and profitable operation, in a very convenient location in the East Rand. This is a Restaurant Operator's Dream Business!
A top class opportunity!!

Property Information

Real Estate:

Lease

Location:

Conveniently located near the Highway in the East Rand in a suburban shopping centre with lots of secure parking.

Premises Details:

A lovely well designed store with a nostalgic Mediterranean/Italian ambience and a Menu of Italian and Mediterranean dishes, plus a full Sushi Menu and a very large selection of Wines. The Restaurant is able to accommodate 128 pax in one sitting.

Size in square feet:
The size is 360sq metres.

Business Operation

Expansion Potential:

The Seller is emigrating and so has included the Trade Name, (which was registered a few years ago, and all the rights to expand, open more branches and/or to start a Franchise Group.

Competition / Market:

There are some other Restaurants and Fast Food operations in the Centre, but there is no direct competition to this store.

Reasons for selling:

The Owner is emigrating, and has another restaurant already up and running overseas.

Trading hours:

The Restaurant is open Mondays to Saturdays from 11am to 10pm, and Sundays and Public Holidays from 11am to 9pm.

Employees:
They have a Permanent Staff Compliment of 17, which includes the Kitchen and Soda Fountain Staff, plus 10 Waiters. The Owner Managers the shop himself, 'hands-on'!
Years established:
The business has been running for 17 years.

Other Information

Support & training:

The Seller will stay on for a Period to be negotiated to help the new Owner enjoy a smooth transition without any hiccups.

Furniture / Fixtures value:
R2,800,000 - included in the asking price
Inventory / Stock value:
R180,000

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