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Prime Bar/Restaurant In Pretoria For Sale

Pretoria, Gauteng, South Africa
Asking Price:
R7,500,000 Furniture / Fixtures included
Turnover:
R15M - R100M
Net Profit:
R3M - R8M

PRIME AND POPULAR RESTAURANT AND BAR IN PRETORIA NORTH

PRICE: R7 500 000

TURNOVER: R24 000 000 (PER ANNUM)

PROFIT: R 3 500 000 (PER ANNUM)

ROI: 25 MONTHS

POSITION!POSITION!POSITION!

DESCRIPTION: This extremely popular restaurant not only boasts an incredible cosy, comfortable and modern look and feel, it is the go-to restaurant/bar in Pretoria. The restaurant is 650m2 and the operating costs are very low. There is a 100KVA generator on site, dance floors, dance areas, function and event areas, just too much to mention.

There are 5 managers as the seller operates the business remotely, for a hands-on owner operating costs and profits could be increased. There is a vast amount of internal stock controls and other controls in the business and the business is very well managed.

REASON FOR SELLING: The seller lives remotely

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

SELLER LIVES REMOTELY

Employees:
26 STAFF MEMBERS
Years established:
2 YEARS

Other Information

Support & training:

FULL TRAINING WILL BE PROVIDED

Inventory / Stock value:
R250,000