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Up-market Bar And Lounge!midrand Extension! R 8,000,000! For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R8,000,000
Sales Revenue:
R21,600,000
Cash Flow:
Undisclosed

UPMARKET BAR AND LOUNGE - MIDRAND EXTENSION

SELLING PRICE R8,000,000.00

TURNOVER R1,8 MILL PM

NETT PROFIT: R400K PM

Primley located in and upmarket Mall with numerous chain stores as anchor Tenants right in the heart of this densely population township extension of Midrand. This prestigious up-market Lounge Bar and Restaurant is built with classy finishes and open spaces. Outdoor seating overlooks breathtaking views of this vibrant city night-life in. They have quickly become the sort after nightlife destination for the locals and visitors. This fully licensed bar and restaurant interior decor is something to be admired using top interior designers with ultra-modern, chic interior fittings. Comfy lounge chairs sofas, private tables and multiple VIP sections, private nooks. Its bold and proud oval Bar Counter simply draws one in the sit relax, dance, party and drink! The business includes an external adjoining Fast Food Outlet. This Fast Food offers local & traditional grilled chicken, steaks and refreshments. Party and night entertainment is increased by using leading and sought after popular DJ’s. State of the art kitchen facilities and great chefs serve extravagant renderings of local dishes and desserts, paired with a fine selection of wines, cigars, draught beer, and spirits. The venue boasts an extravagant space for over 300 patrons

Property Information

Location:

IDEALLY LOCATED IN MIDRAND!

Business Operation

Expansion Potential:

HUGE EXPANSION POTENTIAL!

Reasons for selling:

OTHER BUSINESS INTERESTS!

Years established:
WELL ESTABLISHED

Other Information

Support & training:

WILL BE PROVIDED IF NEEDED!