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Established Bespoke Restaurant In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R2,651,400
Sales Revenue:
R6,600,000
Cash Flow:
R1,320,000

A lucrative restaurant situated in a premium area of Johannesburg, was established in 2007. The restaurant is owner managed with the help of 2 managers who have been part of the business since it was established. The restaurant serves breakfast, lunch, novelty cakes, desserts, cold beverages including alcohol, they also have a catering service for special functions.

The restaurant is positioned in a prime spot in a shopping mall, with 202 sqm inside and an outside area that can seat 160 people. The main equipment in the kitchen uses gas and during load shedding the restaurant has access to a single phase generator provided by the mall, which allows the business to continue operating the lights, coffee machine and computers. This business asking price is R2 651 400 and it generates an average monthly turnover of R550 000 with an average monthly net profit of R110 000.

Property Information

Real Estate:

Lease

Lease Terms:

Expires every 5 years

Location:

This business is situated in a premium area of Johannesburg.

Size in square feet:
202sqm

Business Operation

Competition / Market:

The business has a health competitive advantage in the mall.

Reasons for selling:

The owners have other businesses they would like to focus on.

Trading hours:

6am - 6pm

Employees:
21 employees
Years established:
2007

Other Information

Furniture / Fixtures value:
R826,517
Inventory / Stock value:
R87,327