An outstanding opportunity to acquire the Assets of a beautifully designed, approximately two-year-old Restaurant, ideally situated in a vibrant and sought-after area in the north-western suburbs of Johannesburg. The Sellers are closing this branch to focus exclusively on their original store, creating an excellent opportunity for a new owner to establish their own Restaurant concept.
The sale includes the Restaurant’s Fixtures and Fittings, Equipment and POS system, together with the existing Lease. An Asset Register is available. The Purchaser may introduce their own Restaurant concept (excluding a Coffee Shop), subject to the Landlord’s approval, with the option of entering into a new Lease or, subject to approval, having the existing Lease ceded into their name. Situated in a busy and popular retail environment, the Restaurant benefits from a constant flow of shoppers and visitors, with numerous established food and retail outlets in the surrounding area. The location has a lively, bustling atmosphere and is already recognised as a popular destination for a wide variety of food offerings.
A superb opportunity to acquire a fully fitted Restaurant premises and create your own concept in an established and vibrant location.
- Asking Price:
- R2,500 Furniture / Fixtures included
- Sales Revenue:
- Not applicable
- Cash Flow:
- Not applicable
Property Information
- Real Estate:
-
Lease
- Location:
-
Vibrant North-Western suburb of Johannesburg.
- Premises Details:
-
Well located. Attractively designed and in excellent condition. The Sale includes all the Assets. The Shop has its own Generator, and the Building's Solar keeps the POS System and Lights working during Load Shedding. There are Staff Toilets and changing rooms at the back of the Store.
- Size in square feet:
- The shop can seat 60 pax in one sitting.
Business Operation
- Competition / Market:
-
There are plenty of Restaurants and Coffee Shops in the area. Direct competition will depend on what the concept of the Purchaser's business will be.
- Reasons for selling:
-
The Sellers have decided to concentrate on their main store. Because this is a branch of their main store, the business is only selling the Assets, but it is still operating, and will remain open until an Asset Sale is concluded successfully.
- Employees:
- There are 8 Staff Members plus 1x Manager available, should the Purchaser wish to employ them. Alternatively, the Seller will give them a Retrenchment Package if necessary, if they do not wish to use them in their main branch.
- Years established:
- This branch of the business has been open for 2 years.
Other Information
- Furniture / Fixtures value:
- R2,500,000 - included in the asking price
