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Long Established Independent Steakhouse, West Rand, For Sale

West Rand, Gauteng, South Africa
Asking Price:
R3,400,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This top Steakhouse and Restaurant has been around and owned by the original owner for over 33yrs, and despite the Pandemic is still a profitable operation. He has made sure that they moved with the times, and therefore is still very well known for presenting modern top quality food, always accompanied with excellent service. Having changed location a few times over the years, the business has become firmly ensconced in a lovely suburban shopping centre, just off one of the busiest main roads in the West Rand, from which it is very visible. They have been in this location for almost 10 years now, and being the sort of Steakhouse/Restaurant that caters to all tastes, they have included dishes such as Pizzas & Pastas, Spare Ribs, Combo Dishes, a variety of Chicken Dishes, as well as Fish & Seafood Platters, on their Menu. Their Steaks and Burgers are legendary, as is their lunch time Carvery!! The restaurant is attractively designed with a lovely closed in patio area.
A top class operation, well entrenched in the area, and being sold at a fair market related price, as the Seller has decided that after very many years in the Food Industry, it is time for him to retire.

Property Information

Real Estate:

Lease

Location:

Well located in a suburban strip mall, just off one of the busiest main roads on the West Rand, with lots of secure free parking.

Premises Details:

A beautifully designed shop with a covered patio and separate children's play area.

Business Operation

Reasons for selling:

The Seller has decided that after many years in the Food Industry, it is time for him to retire.

Trading hours:

The business is open Monday to Friday 11am to 9-30pm; Saturdays 10am to 10pm, and Sundays 10am to 8-30pm.

Employees:
Pre - Covid they employed a Total of 33 Staff including 4 Managers and 10 Waiters. Needless to say this has changed in order to cope with the Covid Pandemic and the exact numbers will be given to potential Buyers by the Seller.
Years established:
The business has been established for over 30 years, and is still owned by the original owner.

Other Information

Support & training:

The Seller will stay on to train the new Owner in the way he runs his business currently, for a period to be negotiated.

Furniture / Fixtures value:
R2,500,000 - included in the asking price
Inventory / Stock value:
R150,000

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