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Profitable Cocktail Bar In Trendy Melville For Sale

Melville, Gauteng, South Africa
Asking Price:
R2,500,000
Sales Revenue:
R3M - R8M
Cash Flow:
R500K - R1.5M

The Anti Social Social Club is a modern cocktail bar situated on a busy corner in the heart of Iconic Melville, which was recently named the 33rd coolest Neighbourhood in the world.

The business was established in 2019, 8 Months before the onset of Covid 19. The business has successfully kept its doors open through this time and generated a profit while doing so.

The Anti Social Social Club is a 100 seater venue that operates 7 days a week and has become a staple of the Melville nightlife. The bar has an international feel to it and often gets described as something out of Cape Town.

The restaurant has a staff compliment of 20 people. 3 chefs, 3 cleaners, 7 waiters, 5 bartenders. and 2 managers. Most of our staff have been with us for over a year and we tend to have a low staff turnover which allows for consistency.

The business does have very involved owners, however the management team is very involved and runs the day to day operations of the business informing the owners on a daily basis.

There are currently 2 managing owners and 2 silent partners, however it can easily be run with one owner and the management team in place.

We have a loyal customer base that we have grown over the last 3 years using social media and being relevant in the Johannesburg night life scene.

The business works closely with Bacardi, RGBC , Pernod Ricard and Cape Brewing Company for stock deals.

The business does an average of R120 000 to R150 000 a week on slow months and R180 000 to R200 000 a week on busy months with the potential to do more with DJs and entertainment. The average spend per week is roughly R80 000 to R100 000.

The business usually has a Dj for the weekends and runs a quiz every Thursday night which usually has a great turnout as well as live music on a Sunday.

The business at this point is very plug and play and just requires owners who are passionate for hospitality and is looking to grow an already established business.

The building the business is situated in also has the potential to be split and sublet which allows for the rent to be reduced for the restaurant itself. The rental is quite competitive compared to the rest of the street.

The business also comes with all relevant licences and a liquor license which is hard to come by in Melville area.

The restaurant has a modern street food style menu as well as cocktail menu. We run a daily Gin and tonic special that is very popular and has become a staple of our shop.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Location:

7th Street Melville

Premises Details:

The Premise is on a Popular Corner in Melville

Business Operation

Reasons for selling:

Current owners have a new Project they are working on and one of the partners health has deteriorated.

Trading hours:

Monday to Friday 12 to 12

Employees:
30
Years established:
2

Other Information

Support & training:

Current Owners will support and guide the handover process so that the new owners have all the info they need about the business going forward

Furniture / Fixtures value:
R400,000
Inventory / Stock value:
R400,000
Relocatable:
This business can be relocated.

Contact Seller

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