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Restaurant, Bar & Grill Rosebank For Sale

Parktown, Gauteng
Asking Price:
R4,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R18,000,000
Cash Flow:
R1,000,000

RESTAURANT, BAR & GRILL - ROSEBANK

SELLING PRICE: R 4,500,000.00 Million including all assets.

TURNOVER: R 1,500,000.00 Million pm

NETT PROFIT: R 150,000.00 pm

ASSET VALUE: R 5,500,000.00 Million in decor

DESCRIPTION: This unique restaurant has held the corner stone due to its prime location near Rosebank. Its heritage is based on the 19th century building showcasing typical industrial character meticulously restored and adapted to modern day pub and grill look and feel. The current owners are embarking on a exciting new roll out of this outlet nationwide with a prudently reduced set up cost. Whether you choose to take on this well established flagship store or take on a new outlet you will be part of its entrepreneurship to enter into to new "funky" buzz of the town. The interior boasts 300m2 with a revamped kitchen and bar area. This outlet offers a unique assortment of delicious and seasonal new fresh takes on pub favorites sourced from the finest local purveyors and prepared from scratch. Its craft beer selection of rotating seasonal beers on more than 10 taps includes the best local breweries & hard to find offerings from around the world finest craft brewers. Cocktail list includes expertly prepared drinks with an emphasis on small-batch bourbon and rye. The team includes well trained top South African chefs and waiters. Its name pays tribute to the North Shore's rich history where tradesmen who forged the city's future local mills and foundries. Just down the street is a cluster of dozens of well patronised outlets attracting customers from throughout Gauteng. Sunday live music night with dozens of local artists playing into the night.

PLEASE REPLY FOR FURTHER INFO

MICHAEL: 081 762 1840

Property information

Real Estate:

Lease

Lease Terms:

7 Years

Location:

Rosebank

Premises Details:

This unique restaurant has held the corner stone due to its prime location in Rosebank.

Business Operation

Reasons for selling:

Expansion program

Trading hours:

11 am to 11pm

Years established:
8 Years

Other Information

Support & training:

Training will be provided

Furniture / Fixtures value:
R5,500,000 - included in the asking price
Inventory / Stock value:
R120,000 - included in the asking price

Contact Information

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