An attentive owner will push this restaurant above the R2.7m excl VAT turnover when it had a full-time manager in place (but still an absent owner). Halloween, Xmas & 2027 Rugby World Cup guarantee immediate Profits !!
Upmarket Restaurant Bar with liquor licence, operates within a secure Estate (600+) in Hillcrest, Durban, with non-residents allowed in.
The owner controls finances & ordering (1hr p.day), while staff operate the business Wednesday – Sunday inclusive, serving breakfast, lunch & supper - inside & outside.
The staff utilize the GAPP POS for all food orders to be prepared by the kitchen staff or for the drinks. Reports are generated from GAPP by the owner, which are supported by the Bank Acc & Cr/Dr card payments.
The business is VAT registered & can be sold via the PTY or out of the PTY (liquor licence included).
- Asking Price:
- R690,000 Furniture / Fixtures included
- Sales Revenue:
- R2,105,878
- Cash Flow:
- R167,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Upmarket estate (600+ homes) restaurant/bar, providing a safe environment for family meals, drinks, functions, with further developments to drive turnover. Inside 30 seats, Outside 60 seats, Bar accommodates 50 people standing. Rent is some R10 700k excl. VAT p.m., with a max 8% escalation clause.
- Planning Consent:
-
The business is licenced for food & liquor
Business Operation
- Competition / Market:
-
Closest competition some 1 km, but none in a secure estate.
- Reasons for selling:
-
Owner cannot allocate time to the business & wishes to retire
- Trading hours:
-
Wednesday – Sunday inclusive, serving breakfast, lunch & supper
- Employees:
- Manager, 3 chefs, 3 waiters & 1 scullery/cleaner.
