This business is well situated in a secure shopping centre with ample parking. It is considered an institution, having traded there for over 30 years. It is very popular and serves good quality food with a focus on specialty Steaks.
There is total seating for 125 patrons and it is fully booked nearly every day. It is only open in the evenings (from 17:00) except Fridays and Sundays when it is open from noon. However, they have introduced breakfast and lunch daily (except Mondays) over the festive season which is proving to be exceptionally popular and will make a valued contribution towards turnover and profit.
The owner Is very well supported by 9 loyal, fully trained staff. She acquired the business three years ago as a casual business interest but she is amazed at her success.
She wants to return to an immediate opportunity in the corporate space and requires an urgent sale. She has subsequently reduced the asking price by R700,000 which has created a wonderful opportunity for a fortunate buyer to acquire a very well-established, well-located, and profitable business that has continuing growth opportunities.
The business has an annual net profit (EBIDT) of over R876,842 and offers a return on investment of over 35%.
The asking price of R2,500,000 excluding VAT and Stock. The stock value is about R300 000