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Steakhouse & Family Restaurant, Est. 30yrs, West Rand For Sale

West Rand, Gauteng, South Africa
Asking Price:
R4,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This top Steakhouse and Restaurant has been around and owned by the original owner for over 30yrs, and despite the Pandemic is still a very profitable operation, even though his Turnovers have dropped, slightly. He has made sure that they moved with the times, and therefore is still very well known for presenting modern top quality food, always accompanied with excellent service. Having changed location a few times over the years, the business has become firmly ensconced in a lovely suburban shopping centre in the Roodepoort area, for the past 8 years. Being the sort of Steakhouse that caters to all tastes, included in their Menu are dishes such as Pizzas & Pastas, Tramezzini, Spare Ribs, Combo Dishes, a variety of Chicken Dishes, and Fish & Seafood Platters. Aside from the aformentioned dishes, their legendary Steaks and Burgers still lead the way, as does their lunch time Carvery, which is as popular as ever. The restaurant is attractively designed with a lovely closed in patio area, as well as a separate children's play area that is utilised a lot on the weekends, as the restaurant is frequented by a lot of family groups because of the fact that there is something for all palates on their Menu.
A top class operation, well entrenched in the area, and being sold at a fair market related price, still making a Profit, and owing to health reasons, the price will be fairly negotiable!!

Property Information

Real Estate:

Lease

Location:

Well located in a suburban strip mall with lots of secure free parking.

Premises Details:

A beautifully designed shop with a covered patio and separate children's play area.

Business Operation

Reasons for selling:

The Seller wishes to retire for health reasons.

Trading hours:

The business is open Monday to Friday 11am to 9-30pm; Saturdays 10am to 10pm, and Sundays 10am to 8-30pm.

Employees:
Pre - Covid they employed a Total of 33 Staff including 4 Managers and 10 Waiters. Needless to say this has changed in order to cope with the Covid Pandemic and the exact numbers will be given to potential Buyers by the Seller.
Years established:
The business has been established for over 30 years, is still owned by the original owner and has been in its current location for aspproximately 5 years.

Other Information

Support & training:

The Seller will stay on to train the new Owner in the way he runs his business currently, for a period to be negotiated.

Furniture / Fixtures value:
R4,000,000 - included in the asking price
Inventory / Stock value:
R100,000

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