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The Price is R 770,000 plus stock of approximately R 40,000. The business generates average monthly Net Profits of R 28,000 pm or R336 460 pa.
One of two businesses, with the same name, offered for sale by the Owners. The business is an independent Café/Restaurant /Coffee Bar open seven days a week from 8.00 am till late, offering an extensive menu that caters for every taste including Breakfasts, Snacks, and a comprehensive Dinner Menu. It also boasts a colourful, cocktail menu with a loyal fan base that keeps coming back for more s well as a wood based Pizza Oven. Live entertainment is offered several times a week.
The Restaurant has both indoor and outdoor seating and caters for smokers.
Management Accounts are available to Feb 2018. Updates will be provided to serious buyers. For the purposes of this report the Management Accounts for the period Mar 2017 - Feb 2018 were utilised. The Accounts are Vat inclusive but the Vat input/Output difference and the Vat paid were included in the expenses.
200m2 until 2020 with option to extend
Good external facing position in a shopping centre in a Durban Suburb
Has a liquor licence
The Hands on Owner has been in the business for a long time and desires a change.
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