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Lovely Authentic Italian Restaurant, Est. 38yrs, Jhb North For Sale

Sandton area., Gauteng, South Africa
Asking Price:
R1,200,000 Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

If you’re an experienced restaurant operator, and a fan of authentic Italian Cuisine with that special "home made by 'mama' taste", then this is the business for you!! The business is first & foremost best known for its brilliant pizzas and pastas, which pizzas are made in their Wood Burning Pizza Oven, and secondly for their wide variety of scrumptious fish and seafood dishes, as well as their tasty selection of meat dishes with some chicken offerings as well. The ambience in the store is friendly, typically Italian, with an inviting feel to sit down, chill, have a glass of wine, and prepare to enjoy a lovely quiet relaxing top class meal with the finest service as well. This restaurant is an icon in this area in the Northern suburbs of Johannesburg, after having been in the same premises for 38 years, and still doing well! Included in their selection of dishes are the likes of starters such as Carpaccio, Snails in Creamy Garlic Sauce and Fried Squid Heads. Follow either of these with mouth watering mains such as Veal Limone or Picatta, Grilled Liver with Bacon & Onions, Pilaf di Mare, or a Seafood Platter for One, to mention a few. We of course must not forget their wonderful selection of 13 different Pizzas & 24 different Pastas, each one more popular than the next.
Overall, a wonderful opportunity for a hands-on operator to continue to develop the store and take it into the future!

Property Information

Real Estate:

Lease

Location:

Conveniently located in a suburban shopping centre with good security and plenty of parking.

Business Operation

Competition / Market:

They do not have any direct competition in the area.

Reasons for selling:

The business is being sold because the owner wishes to retire.

Trading hours:

The business is open Monday to Saturday from 12pm to 9-30pm, and on Sundays 12pm to 3pm.

Employees:
They employ a Total of 14 Staff including the waiters and 1x Manager. The owner also works in the business full time.
Years established:
This reatuarnt is an icon in their area having been in the same premises for 38 years, and still going!

Other Information

Support & training:

All training will be given by the owner who will stay on for a month, free of remuneration, or a longer period, that can be negotiated with the seller.

Furniture / Fixtures value:
R900,000 - included in the asking price
Inventory / Stock value:
R60,000