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Established Restaurant in Hilton For Sale

Hilton, KwaZulu - Natal, South Africa
Asking Price:
R1,200,000 Furniture / Fixtures included
Sales Revenue:
R1.5M - R3M
Cash Flow:
R500K - R1.5M

JAXX RESTAURANT is a lovely hidden gem in Hilton with attentive, friendly and well-trained staff who work hard and are always positive resulting in spectacular service that plays a great role for the success of the restaurant.
It is in a great, easy to reach location in a busy well-run central shopping center and provides a cool friendly and welcoming atmosphere around a fancy fireplace.
It is already well established and has a good customer base

Property Information

Real Estate:

Lease

Lease Terms:

6 years fixed annual increase

Leasehold Rent:

R374,400 per annum

Location:

Prime location in Hilton

Premises Details:

Situated in a well-run centrally located shopping center

Business Operation

Competition / Market:

One other coffee shop in the center and a variety of eateries in Hilton

Reasons for selling:

Business needs a more qualified owner with industry experience

Trading hours:

7am to 5pm daily, Monday to Sunday

Employees:
10
Years established:
20

Other Information

Support & training:

Owner will be available to prospective buyers for support and training for a few months after purchase

Furniture / Fixtures value:
R800,000 - included in the asking price