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Up-market Evening Bar! Bedfordview! R 8,500,000! For Sale

Bedfordview, Gauteng, South Africa
Asking Price:
R8,500,000
Sales Revenue:
R16,500,000
Cash Flow:
Available on request

UP MARKET EVENING BAR AND LIVE ENTERTAINMENT- BEDFORDVIEW

SELLING PRICE: R8.5MILLION

STOCK: R150,000.000

TURNOVER R16, 500,000.00 PA

NETT PROFIT R280,000.00 PM

This classy up-market outlet is located in the heart of a most sort after entertainment hub of Bedfordview. Being established for over 7 years this venue has earned an excellent reputation in the market place and is in a class of its own with none to match in Gauteng. Customers come to this unique outlet to relax and enjoy watching live Bands playing from both local and international Artists.

With two floors covering close to a 1000m2 this evening Entertainment Centre provides music event with 2 different Artists on the same night. Specially fitted sound breakers to contain noise levels within the prescribed residential Standards. Whilst the core business is around music the main revenue is generated from beers, wine and whisky and shots as well as light pub-like meals.

Attention to solid decor creates an ambiance of fun whilst simultaneously providing an element of privacy and safety. Designed in unique way to accommodate a variety of clientele communities, the venue can accommodate over 500 customers at any event. Whilst this outlet is owner run this business provides 32 well trained staff with department heads to managed a superb outlet. Trading hours are 3pm to late and are closed on Mondays.

Property Information

Location:

IDEALLY LOCATED IN BEDFORDVIEW!

Business Operation

Expansion Potential:

HUGE EXPANSION POTENTIAL!

Competition / Market:

NONE!

Reasons for selling:

OTHER BUSINESS INTERESTS!

Trading hours:

3PM UNTIL LATE AND CLOSED ON A MONDAY.

Employees:
32 WELL TRAINED STAFF
Years established:
7+

Other Information

Support & training:

WILL BE PROVIDED IF NEEDED!