Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Well Known And Renowned Restaurant In Alberton For Sale

Alberton, Gauteng, South Africa
Asking Price:
R8,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

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.

Property Information

Real Estate:

Real Property Included

Location:

Close to an established residential neighborhood and close to many Businesses in the local vicinity.

Premises Details:

Freestanding building on a stand of over 6000 square meters.

Size in square feet:
Stand over 6000 sq meters - Restaurant 2000 square meters

Business Operation

Expansion Potential:

Property is available to purchase when purchasing the restaurant.
Which will save high rental costs that landlords usually charge.

Competition / Market:

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.

Reasons for selling:

Current owners are selling for personal reasons.

Trading hours:

Monday to Thursday :
12 PM to 10 PM.
Friday and Saturday :
12 PM to 10 PM
Sunday 12 PM to 9 PM.

Employees:
+- 30
Years established:
Over 20 years

Other Information

Support & training:

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.

Furniture / Fixtures value:
R4,000,000 - included in the asking price
Website:
Login or register to view link

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Allegiance Properties Soma. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here