An Established, Profitable and Superb Restaurant for Sale
This is a superb business that is located in a well-known restaurant hub in Port Elizabeth that is for sale.
The business is located in one of the prime spots in a well-known restaurant hub in Port Elizabeth. This restaurant is rated consistently in the top 4 restaurants in Port Elizabeth and is one of the “go to” places for a phenomenal steak.
The ambience supports the menu and offers its patrons a fantastic service driven dining experience
The business is fully equipped, and all the assets of the business are in excellent condition.
Menus and recipes are all in place and the new owner can start trading immediately.
Full training will be provided by the current owner.
Superbly located, priced to sell and fully equipped this business is ideal for any person looking for a fully equipped and operating restaurant.
Current Annual Turnover:
+-R1 380 750 (Feb 2019)
Current Annual Net Profit:
+-R269 873 (Feb 2019)
+-30 % (Based on Annual Net Profit)
Assets / Office Equipment:
+- R150 000 (Included in the asking price)
Stock on Hand:
+-R10 000 to R15 000 (Excluded from the asking Price)
Rent & Lease Terms:
R13 500 per month (excl water and lights). Leased (landlord approval will be required)
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
R890 000 (Excluding Stock on hand)
Hours of work:
Tuesday to Friday:17h30 to 22h00
Saturday, Sunday, Monday: Closed
Ideally suited for an owner/ operator who has knowledge of the industry. Ability to cook will be an added advantage for the new owner
An Already established and profitable business. Growth potential could include opening on weekends and catering for special events
Reason for selling:
Other business commitments (Seller owns more than 1 x business) and wants to consolidate his Business commitments
Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.
Grant – 073 556 0065
Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070