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Bar And Live Music Entertainers! Bedfordview! R 8,500,000! For Sale

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

UP MARKET EVENING BAR AND LIVE ENTERTAINMENT- BEDFORDVIEW

SELLING PRICE: R8, 500,000.00
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 highly sought-after entertainment hub of Bedfordview. Being established for over 7 years, this venue has earned an excellent reputation in the market 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 play from both local and international Artists.

With 2 a Level venue, covering over to 1000 m2, this evening Entertainment Business provides music event with a variety of leading Artists on the same night.
The entire outfit is specifically 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, whisky and shots, as well as light pub-like meals.

Attention to solid and quality decor creates this unique venue creates an ambiance beyond imagination. Customers cme for fun, relaxing and drink 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 manage a superb outlet. Trading hours are 3pm to late and are closed on Mondays.

Property Information

Living Accommodation:

YES, OWN FLATLET UPSTAIRS

Location:

IDEALLY LOCATED IN SAFE AND UP-MARKET PART OF BEDFORDVIEW!

Premises Details:

LEASED

Size in square feet:
4,000
Planning Consent:

APPROVED

Business Operation

Expansion Potential:

HUGE EXPANSION POTENTIAL!

Competition / Market:

NONE!

Reasons for selling:

HEALTH AND 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!

Financing available:

NO

Furniture / Fixtures value:
R6,000,000
Inventory / Stock value:
R200,000