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Sports Bar And Restaurant In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
R7,900,000
Cash Flow:
Available on request

This forty year old business is located in a key site, (if not THE key site), near the Gautrain in the Braamfontein area/Johannesburg CBD, with a captive audience on it's door step!! Rumour has it that this business has the oldest Liquor License in Johannesburg!! The present owners have had the store for over 15 years, which restaurant & sports bar spans an inside area of 250sqm and a covered outside area of 100sqm!! They have a captive audience /passing trade that's on their door step 18hrs a day, 365 days a year. Currently the business is mainly Manager run, although the owners are very involved. Needless to say this is a massive opportunity for an experienced 'hands-on' Operator who has the knowledge to continue to grow the business by running the business to the same high standards that already exist, and to enhance the marketing and advertising, of which there is virtually nothing at the moment.
This business is one of the busiest Sports Bar, Restaurant & Function Venues in Johannesburg, however there is still plenty of scope to do many more Functions than they are currently doing.
An already well run, and very profitable restaurant/sports bar, ready for the taking!!
Definitely not to be missed!!!

Property Information

Real Estate:

Lease

Location:

This business is located in one of the key locations in the whole of the Johannesburg CBD, with a captive market 365 days a year.

Premises Details:

A well appointed venue spanning over an area of 350sqm. They also have 2 Generators that they use during Load Shedding that are included in the Sale.

Business Operation

Expansion Potential:

Although the owners are very involved in the day to day running of the business, it is mainly Manager run. A 'hands-on' experienced Owner will enhance the business and take it to new heights.

Competition / Market:

Although there are other food outlets in the complex, they have no direct competition in the building.

Reasons for selling:

The present Owners wish to slow down a bit and not work in a business with such long hours and that operates 7 days a week.

Trading hours:

The business operates from 9am to very late 7days a week.

Employees:
They have a total of 36 Employees working for them.
Years established:
This business has been in existence for the past 40 years with the present owners having had the business for the past 15 years.

Other Information

Support & training:

All support and training will be supplied by the Seller for a period to be negotiated, baring in mind that this business needs an owner that has good past restaurant experience.

Furniture / Fixtures value:
R1,700,000 - included in the asking price
Inventory / Stock value:
R130,000

Contact Information

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