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Well known and renowned restaurant in Alberton now up for acquisition. The business has been in operation for many years and has been owner-run and managed from the date of opening to current. This well-known and renowned restaurant is located on an established premises with all of the latest and newly fitted kitchen equipment, as well as modern and new furniture and fixtures.
The restaurant is 2000 square meters in size including the outside seating area and can comfortably seat up to 300 guests. This well-established and renowned restaurant has arguably the best, equipped, fitted and tailor-made kids area in Johannesburg, with childminders all around, for the parents' peace of mind and for the kids fun and security.
The purchase and acquisition of this restaurant will include all recipes, as well as the menu. If you purchase the property , you will save an estimated R150 000,00 per month on a monthly rental payment.
The property currently generates an additional R56 000,00 rental income per month with current lease agreements in place. You will acquire this monthly rental amount if you purchase the property.
The current owners have invested astronomical amounts of funds into this upmarket premises and business. You will save capital on high setup costs, as the finishes in this established restaurant are brand new and newly fitted. The additional added value, is that the restaurant has many years of goodwill included in the business and the brand, which on its own is invaluable.
The current owner is willing to invest a two month (hold your hand) handover , to ensure that the new purchase of the above is handed over with control and professionalism.
Real Property Included
Close to an established residential neighborhood and close to many Businesses in the local vicinity.
Freestanding building on a stand of over 6000 square meters.
Property is available to purchase when purchasing the restaurant.
Which will save high rental costs that landlords usually charge.
The business has been in operation for many years and has a fantastic client base , goodwill and food.
The Restaurant has an amazing reputation and needs only to be controlled and expanded on with new ownership.
Current owners are selling for personal reasons.
Monday to Thursday :
12 PM to 10 PM.
Friday and Saturday :
12 PM to 10 PM
Sunday 12 PM to 9 PM.
Full support will be provided to the new owner for approx 2 months to assure an efficient and meticulous hand over including all the recipes and the Menu of course.
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