Established Popular Karaoke Bar In George For Sale

Property Description: Popular Karaoke Bar in the Garden Route

About this Business: This is a popular spot for all the locals to enjoy good music, good food and live entertainment. This establishment offers exceptional service and value-for-money meals. Relaxed atmosphere with ample space for expansion. The location is very visible to passing by traffic, with ample parking.

History: This bar has a track record exceeding 15 years operating successfully and is exceptionally profitable.

Staff: There are 9 staff members, all skilled in their day-to-day duties. Casual security staff is also in place for busy season and weekends.

Scalability: Due to the space in this venue, the world is still your oyster. This business has proven month-on-month revenue growth.

Figures: Monthly revenue is circa R476k, delivering earnings around R100k (EBIT)

Assets and Inventory: All assets included in listing price. Excluding stock in trade. Value to be determined by stock take prior to hand over.

Reason for Selling: Multiple Business Ventures.

Selling Price: R2,000,000.00 ex VAT

ROI: 56%!