An Established, Profitable and Superb Restaurant for Sale

 

An Established, Profitable and Superb Restaurant for Sale

                        SORRY FOLKS…THIS ONE IS NOW SOLD

 

Financial Information

Current Annual Turnover:

+-R1 380 750 (Feb 2019)

Current Annual Net Profit:

+-R269 873 (Feb 2019)

ROI%

+-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)

Vat registered:

Yes

Liquor License:

Yes

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

BuSiness Information

Industry

Established Restaurant

Asking Price

R890 000 (Excluding Stock on hand)

PROVINCE

Eastern Cape

CITY

Port Elizabeth

Premises Size:

55m2

P

Hours of work:

Tuesday to Friday:17h30 to 22h00
Saturday, Sunday, Monday: Closed

P

Buyer Profile:

Ideally suited for an owner/ operator who has knowledge of the industry. Ability to cook will be an added advantage for the new owner

P

Growth Potential:

An Already established and profitable business. Growth potential could include opening on weekends and catering for special events

P

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.

Contact Us

call

Grant – 073 556 0065

email

grant@mnbrokers.co.za

visit

Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070