An exciting opportunity awaits with the sale of a well-established Restaurant & Sports Bar, ideally located in a bustling entertainment district. Boasting a vibrant atmosphere, this business has become a local favourite for food enthusiasts and sports fans alike. With a history of positive reviews and a strong social media presence, the business has cultivated a loyal customer base, contributing to repeat business.
This is an exceptional chance to acquire a thriving Restaurant & Sports Bar with a strong brand presence, strategic location, and a proven track record of success. Don't miss the opportunity to step into an established business and continue its legacy of providing excellent entertainment experiences. Serious inquiries are invited to contact the listing agent for further details and to arrange a confidential discussion.
- Asking Price:
- R9,700,000 Inventory / Stock included
- Sales Revenue:
- R15M - R100M
- Cash Flow:
- R100K - R500K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Up until November 2025 - option to renew lease
- Location:
-
East Rand
- Premises Details:
-
The Premises comprises of 4 sections:
1. Bar
2. Restaurant
3. Casino
4. Takeaway
- Size in square feet:
- 550m2
Business Operation
- Expansion Potential:
-
Potential to expand the Casino & implement more entertainment
- Competition / Market:
-
No real competition
- Reasons for selling:
-
Unfortunately both his sons have decided to immigrate. With the owner being at retirement age he does not have the energy to continue doing this on his own
- Trading hours:
-
Monday to Thursday: 9am - 22:00pm
Friday - Saturday: 9am - 00:00am
Sunday: 9am - 21:00pm
- Employees:
- 32
- Years established:
- 2014
Other Information
- Support & training:
-
Owner will stay on for a month to show the ropes to new owner
- Furniture / Fixtures value:
- R1,900,000
- Inventory / Stock value:
- R400,000 - included in the asking price
