This top restaurant has been extremely well located in one of the top entertainment venues in the greater Johannesburg area, for the past 25 years. The restaurant offers a dining experience that borders on fine dining, still elegant, and comfortably inviting. Known for its exceptional Mediterranean cuisine, every dish reflects a commitment to quality, flavour, and presentation. Adding to its prestige, the restaurant houses one of Gauteng's top wine cellars that delights both connoisseurs and casual guests alike. With over 300 local and international labels, their Pairing Specialist is always on hand to help guests choose the correct wines to enhance their meal. Since they opened, they have won twenty 'Diners Club Wine List' awards.
The family members who originally have always worked in the business have continued to keep this wonderful restaurant open and lively, yet at the same time contemporary, including a full revamp just over 2 years ago, while still maintaining the original high standard of food and service with the help of their extremely well trained Staff and Managers. Nonetheless, they now wish to retire, creating a rare opportunity to purchase a thriving, well established & profitable business, with a loyal following, and exceptional growth potential!
An excellent opportunity for an Owner/ Operator to take over the reins and drive the business successfully into the future!!!
- Asking Price:
- R9,950,000 Furniture / Fixtures included
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
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Lease
- Location:
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Having been opened in the year 2000, the business is extremely well located in a leading entertainment complex in the greater Johannesburg area, and was fully revamped, just over 2 years ago.
- Premises Details:
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A beautifully designed restaurant with a warm ambience and Mediterranean feel, including one of the best Wine Cellars in Gauteng. The business is also a very popular Function Venue!
Business Operation
- Competition / Market:
-
Although there are quite a few other food outlets in the complex as well, this business has no direct competition.
- Reasons for selling:
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The owners wish to retire after 25 years in the business.
- Trading hours:
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They are open, Mondays to Thursday from12h00 to 22h00; Fridays and Saturdays 11h00 to 23h30; and Sundays 12h00 to 22h00.
- Employees:
- They employ a total of 37 Staff Members, which includes, 3x Managers; 2x Hostesses; 14 waiters; and a specialist Wine Pairer.
- Years established:
- The business has been established for 25 years. Although the owners aren't always on-site, the skilled managers ensure that the restaurant runs smoothly and efficiently!!
Other Information
- Support & training:
-
The owners will stay on to help the new owners so as to make for a smooth transition, for a period to be negotiated.
- Furniture / Fixtures value:
- R4,400,000 - included in the asking price
- Inventory / Stock value:
- R800,000
