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Profitable Restaurant And Venue In Pretoria For Sale

Pretoria, Gauteng, South Africa
Asking Price:
R675,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
On request
Cash Flow:
On request

**Please be advised that the property does not form part of the sale of the business.

This well-established, independent restaurant offers a welcoming environment for families, catering to all age groups from toddlers to grandparents. It has built a strong online presence through platforms like Google Maps and Facebook, where numerous positive reviews highlight both the quality of its food and its inviting facilities. In addition to dining, the venue is ideal for hosting a variety of events, including toddler parties, kitchen teas, baby showers, corporate year-end functions, and birthday celebrations. The restaurant operates outside any franchise network, providing the new owner with complete operational autonomy. A copy of the current menu is included for review.

Market Overview

The restaurant's primary clientele falls within the LSM 7–10 income range, predominantly consisting of residents from Pretoria East and the surrounding areas, as well as travelers on the nearby busy main road. The area is experiencing rapid growth due to substantial real estate developments, such as the R2.5 billion Menlyn Mall redevelopment and the R44 billion Hazeldean Development, positioning Pretoria East as Gauteng's emerging investment hub.

This influx of middle- to upper-class professionals, families, and students, coupled with the area's reputation for upscale entertainment, boutique shopping, and fine dining, has led to a surge in demand for high-quality services. The restaurant is well-positioned to benefit from this, offering a venue in the heart of Pretoria East's thriving social scene.

Vision and Growth Potential

The current owner sees significant potential for future growth by shifting the business focus to solely hosting events. This would allow the new owner to tap into the established reputation and loyal customer base while expanding through targeted social media marketing, improved branding, and special promotions. With Pretoria East's expanding population and continued development, the business is well-placed to grow under new ownership and capitalize on the local demand for event venues.

This is a prime opportunity for investors to take advantage of the area's growing prosperity and Pretoria East's status as a desirable, upmarket destination.

Property Information

Real Estate:

Lease

Lease Terms:

The current lease is valid until the end of November 2024 and can be renewed on short notice with the current owner of the premises. The lease amount here, includes the average water and electricity for the premises.

Leasehold Rent:

R348,000 per annum

Location:

On the outskirts of Pretoria East next to the main road

Premises Details:

The restaurant is located in the Bronberg Hub with other businesses also operating from the same premises

Business Operation

Expansion Potential:

The current owner sees the potential to shift the focus of the business from being a combined restaurant and event venue to solely a venue-based operation. The business already enjoys a well-established reputation in the community, supported by a loyal customer base. However, a new owner could further capitalize on this by implementing aggressive social media campaigns, enhancing branding around the premises, or launching special promotions to attract even more clientele

Competition / Market:

There are 2 other restaurants on the premises that cater for different clientele, from young to old

Reasons for selling:

The owner is shifting his attention to other businesses that he owns

Trading hours:

Monday – Wednesday: Closed

Thursday: 11 am – 6 pm

Friday & Saturday: 9 am – 8 pm

Sunday: 9 am – 4 pm

Employees:
7
Years established:
4

Other Information

Support & training:

The current owner can assist the new owner with training during the handover of the business

Relocatable:
This business can be relocated.