With a revamp done and the opening of a kiddie’s area, this restaurant is set for great growth. The restaurant is in a very central area and has been around for several years, making it a perfect venue for lunches, after-hours’ drinks with colleagues and friends, as well as dinner. It is family friendly and offers great music while having fun.
The lease expires only in September 2025 and is renewable for another 5 years with market-related escalation terms. Rent is low at 6% of total turnover, which makes a big difference in profit. Turnover is just under a million rand per month with a profit margin of 13%.
Turnover: R900k p.m.
Net Profit: R115k p.m.
Rent: R60k p.m.
Covers: 100 outside, 130 inside
Operating hrs: Mo – Thu:11:00 to 23:00. Fri – Sat: 11:00 to 24. Sundays:11:00 to 20:30
Monthly fees: 2% marketing and 5% royalty fees on t/o p.m. (Joining fees of R125k)
Asking Price: R3,9m (including stock.)
Only serious buyers who can prove that they can pay cash need to enquire. Information will not be distributed to people otherwise.
The purchase price includes all assets and inventory.
