Unique, Trendy And Vibrant Restaurant And Tequila Bar For Sale

Business Description:

SOLD

Sorry Folks, this business has now been SOLD.

If you are looking to BUY or SELL a business then please contact: grant@mnbrokers.co.za

Financial Information

Annual Turnover:

+-R 6 870 889 (2022)

Annual Net Profit (EBIDTA):

+- R 843 707 (2022)

Adjusted Annual Net Margin (EBIDTA):

+-46% (2022)

Current asset value:

+-R 360 000 (Included in the asking price)

Stock on hand:

+-R80 000 (Included in the asking price)

Rent per month:

+-R 19 251 per month. Leased (3 x year renewable lease. Landlord approval of the new owner will be required).

VAT Registered:

Yes

Liquor License:

Yes, Transferable

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

Business Type

Tex Mex Restaurant and Tequila Bar

Asking Price

R1 800 000  (excluding VAT)

PROVINCE

Eastern Cape

CITY

Port Elizabeth

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Premises:

Leased (3 x year renewable lease. Landlord approval of the new owner will be required

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Trading Hours:

Mon to Thur: 07h30 to 23h00                      Friday:             07h00 to 24h00              Saturday:        07h00 to 24h00            Sunday:           07h00 to 21h00

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Buyer Profile:

This business is ideally suited for a husband-and-wife team or a family/ entrepreneur looking for a unique restaurant and make a decent living at the same time. Knowledge and some experience in the restaurant game will stand the new owner in good stead.

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Staff Compliment:

18 x Permanent Staff (2 x managers, 5 x barmen, 5 x waitresses, 4 x cooks, 2 x scullers

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Reason for selling:

Relocation and Other Business Interests.

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