This excellent leading Brand Steakhouse & Restaurant was set-up and opened by the current owners 9 years ago, and is very well located in an appealing high end shopping centre, in a very upmarket area in the new North Western suburbs of Sandton. This Franchise Brand is known to be one of the leading Steakhouse and Restaurant Brands in the country. This particular branch is extremely well run by a top experience operator, with the help of very well trained managers. Aside from their Steaks and Burgers, included on their Menu are some Vegetarian options, Chicken and Seafood offerings as well as a wide variety of other Grill options. All this is coupled with great service and an extremely comfortable space with a very friendly ambience. An excellent opportunity for an experienced operator, with plenty of room for growth. They are able to host functions in one area, and continue running the rest of the store as usual. There is also a lovely outside area that they utilise, especially at lunch time.
An excellent opportunity being sold at a very realistic market related price indeed, and a business with an excellent future!!
- Asking Price:
- R2,400,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Well located in a very upmarket shopping centre in a very high-end area in the North Western suburbs of Sandton.
- Premises Details:
-
A beautifully designed steakhouse and restaurant with a total of 250 seats, and able to host a function in one area while continuing to run the rest of the shop normally.
Business Operation
- Competition / Market:
-
There are other food outlets in the centre, but they have no direct competition at all.
- Reasons for selling:
-
The Sellers are expending into other opportunities and the Operating Partner will no longer have the necessary time to spend in this business.
- Trading hours:
-
They are open Mondays from 11-30 am to 8-30pm. Tuesdays to Saturdays 11-30am to 10pm, and Sundays from 11-30 am to 8-30pm.
- Employees:
- They have a Total of 28 Staff, including waiters and Managers. The operating partner over sees the whole operation and is in and out of the shop, as they have other businesses that he also oversees.
- Years established:
- The present owners built the shop and opened it nine years ago.
Other Information
- Support & training:
-
All Support and Training will be sup[plied by the Franchisor.
- Furniture / Fixtures value:
- R2,000,000 - included in the asking price
- Inventory / Stock value:
- R400,000
