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Restaurant Bar And Lounge In Johannesburg For Sale

Midrand, Gauteng, South Africa
Asking Price:
R15,000,000 Furniture / Fixtures included
Sales Revenue:
R15M - R100M
Cash Flow:
R500K - R1.5M

Nightclub entity with a different take on dining and entertainment in Tembisa.

This Bar and Lounge throbs with the spirit of Ubuntu and absolute luxury combined with South African tradition! This first of its kind restaurant’s menu serves up extravagant renderings of local dishes and desserts, paired with a fine selection of wines, cigars, draught beer and spirits, All prepared in a fully equipped kitchen. The venue boasts three bars, seating for over 300 people and multiple VIP areas where patrons can relax and enjoy the remarkable atmosphere. This property has a bar at the bottom, a island bar at the top, and a "Hubbly bar" that could easily be separated from the rest for a more private and secluded Party. Male and Female toilets at the top and bottom, and a disabled toilet at the bottom This spectacular property occupies two levels in a prime position within the Busy Corner Mall, at Ebony Park. The upper level enjoys sweeping views of Ivory Park and Tembisa. This beauty also offers:

3 Phase Electricity Generator
2 x Walk in fridges
1 x Freezer
1 x Office with CCTV cameras and sound control
FULL stock control system

There is also a potential collaboration in place between this entity and a casino route operator for Limited payout machines. This sale is only for the business entity and does not include the current rental premises occupied. Do not miss out on this opportunity of a life time with a brilliant turn over!

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

5year lease with 5year option to renew

Leasehold Rent:

R1,600,000 per annum

Location:

Located at a very busy intersection.

Premises Details:

Business is situated on prime property in a newly built mall. Safe and easily accessible with high foot traffic.

Size in square feet:
714m2

Business Operation

Expansion Potential:

Business can be franchised, Casino opportunity for 40 limited payout slot machines at no cost to new owner.

Competition / Market:

None

Reasons for selling:

Emigration

Trading hours:

Everyday - weekdays and weekends.

Employees:
45
Years established:
1year

Other Information

Support & training:

Complete handover with fully trained staff

Furniture / Fixtures value:
R10,000,000 - included in the asking price
Inventory / Stock value:
R350,000

Contact Seller

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