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Search more Miscellaneous Restaurants For Sale in Johannesburg

Listing ID: 2959819
Seller ref: 10358

Leading Mediterranean/italian Restaurant, Key Site, Gauteng For Sale

Johannesburg, Gauteng, South Africa

Asking Price:: On request Furniture / Fixtures included

Sales Revenue:: R10,000,000

Cash Flow:: Available on request

This top class Mediterranean Restaurant has been in operation for the past 19 years, is still owned by the original owners, and is very well located in one of the most prestigious entertainment complexes in Gauteng. The business is beautifully designed to exude a romantic Mediterranean/Italian ambience, and they are known for their excellent food, service and Fine Wine selection. Like the present owners, this business needs to be run by either an experienced Restaurateur, Restaurant Operator, or a Chef with Management Experience, who wants to run the business 'hands-on', and take this already very profitable business, built on a solid foundation of many years, and continue to grow it and take it to new heights.
An opportunity not to be missed!!

Property Information

Real Estate:: Lease

Location:: Very well located in a leading entertainment complex in Gauteng.

Premises Details:: Beautifully designed premises in a key location in the complex, with a lovely Mediterranean/Italian feel and an interesting Menu with specials that change from week to week, coupled with their amazing Wine Selection.

Business Operation

Competition / Market:: There are plenty of other food outlets in the complex, but they do not have any direct competition to speak of.

Reasons for selling:: The Owners wish to retire.

Trading hours:: They are open 10am to late, 7 days a week.

Employees:: Their Staff compliment totals 35, including Managers and Waiters.

Years established:: The business is 19 years old, and still owned by the original owners.

Other Information

Support & training:: The Owners will stay for a period to be negotiated, to help train the new owner as to how they run their operation.

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

Inventory / Stock value:: R450,000

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