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Well Established Portuguese Restaurant In Ekurhuleni For Sale

Ekurhuleni, Gauteng, South Africa
Asking Price:
R2,700,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Well Established Portuguese Restaurant - East Rand

This is an opportunity for a new hands on owner to take this popular Portuguese restaurant to another level.

Currently the restaurant is well managed and owner run.

This restaurant has been in business for over 25 years.

This restaurant has a large amount of businesses in the area and a large residential neighborhood on your doorstep.

The opportunity in the neighborhood is endless as the businesses in the area are not focused on at the moment by the current owners.

The current owners have invested R1.8 million in relocating to a brand new shopping centre and all the kitchen equipment and furniture is less than 3 years old with the decor being modern with a definite Portuguese atmosphere.

Save on high set up costs as this is a brand new restaurant , to build a restaurant of this size would be over R 3 million and the restaurant has over 25 years of Goodwill included in the business which is invaluable.

The restaurant has a private dining area that seats approximately 120 guests suitable for private functions with bathrooms as well.

The restaurant can comfortably seat 270 guests.

The restaurant has a kids play area with accommodating seating for the parents and kids alike.


There are other business in the shopping centre but only one restaurant and there is a lot of potential to cater to families that frequent the shopping centre for the Beauty parlour , International Karate dojo and a new Mrs Boxing fit Gym opening soon.

There is a Golf and Country Estate close by.
There is a Country Club close by.
There is a Boat Lake Village close by.
The opportunity for expansion is endless.

Property Information

Real Estate:

Lease

Lease Terms:

To be discussed with Landlord

Location:

Ekuhuruleni

Premises Details:

Restaurant is located in a new shopping centre which caters to a large Residential neighborhood and Local Businesses in the area.

Planning Consent:

Opportunity of acquiring an additional 100 sq meters to extend the current restaurant as the tenant alongside the restaurant will be available soon.

Business Operation

Expansion Potential:

A New owner can easily expand his clientele base by approaching all Local businesses in the near vicinity with lunch time specials and accommodate the residential market in the evenings and on weekends.
Amazing opportunity with a 120 seater private function room for corporate functions and family celebrations.
Current owners do not offer any specials at the moment.

Competition / Market:

Competition in the area is mainly Fast Food Franchises and other than that the restaurant has an extensive market to cater to for traditional home cooked dining and take aways.

Reasons for selling:

Owner has decided to sell for personal reasons.

Trading hours:

Tuesday to Sunday 12 PM to 9 PM.
Friday and Saturday until 10 PM.

Employees:
+- 20
Years established:
25

Other Information

Support & training:

Support will be available from the current owners to hand over the business successfully including the current Menu and Recipes

Furniture / Fixtures value:
R1,800,000 - included in the asking price
Website:
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Contact Information

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