The business has a regular client base with a high sales turnover. A good return on investment.
Located in an industrial area just outside the town, providing entertainment and live music 6-7 days per week.
Bar, restaurant, entertainment area and a separate room for Grandslots gaming machines (good income).
Gaming and Liquor licence 09h00 - 02h00
Plenty of parking. Not close to residential neighbours.
Spacious interior, well laid out.
CCTV, electrical power backup and security.
- Asking Price:
- R3,200,000 Furniture / Fixtures included
- Sales Revenue:
- R3,700,000
- Cash Flow:
- R1,200,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Expires 2024 + renewal option.
Annual escalation 8% and 1 month rental deposit
- Leasehold Rent:
-
R135,300 per annum
- Location:
-
West Coast town, Western Cape.
- Premises Details:
-
200 sq.m includes bar, entertainment area & gaming machine room
Business Operation
- Reasons for selling:
-
Owner has a new business venture
- Trading hours:
-
Monday - Sunday 09h00 - 02h00
- Employees:
- 8
- Years established:
- 5
Other Information
- Support & training:
-
Owner will provide training and support as required
- Furniture / Fixtures value:
- R350,000 - included in the asking price
- Inventory / Stock value:
- R80,000
