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Prime Well-Known Upmarket Profitable Restaurant In Northern Suburbs For Sale

Sandton, Gauteng, South Africa
Asking Price:
R12,000,000 Furniture / Fixtures included
Sales Revenue:
R15M - R100M
Cash Flow:
R3M - R8M

PRIME WELL-KNOWN UPMARKET PROFITABLE RESTAURANT IN NORTHERN SUBURBS

PRICE: R 12 000 000 (price reduced)

TURNOVER: R40 000 000M PER ANNUM

AVERAGE NET PROFIT: R 5.5M PER ANNUM++

ROI: Less than 24 months!!

DESCRIPTION: This is a very well-known and established restaurant. This restaurant has been designed by the country's top designers, no expense has been spared. There is a large and loyal up-market customer base. There is fantastic management in place and the staff are well trained and excellent. Many local celebrities frequent the restaurant due to its exceptional menu and fantastic vibe. There are simply no words to describe the incredible look and feel and the world-class cuisine.

TRAINING: Full training is provided, including a management handover.

Please reply for further info

Property Information

Real Estate:

Lease

Location:

LOCATED IN UPMARKET AND BUSY SHOPPING AND BUSINESS DISTRICT

Premises Details:

2 STOREY MAGNIFICIENT FINISHES, NO EXPENSE SPARED

Business Operation

Reasons for selling:

THE ONE SELLER HAS ALREADY RELOCATED

Employees:
60 STAFF MEMBERS
Years established:
WELL ESTABLISHED

Other Information

Support & training:

FULL TRAINING WILL BE PROVIDED WITH A HANDOVER PERIOD TO BE AGREED

Furniture / Fixtures value:
R15,000,000 - included in the asking price
Inventory / Stock value:
R250,000