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Up Market Evening Bar And Live Entertainment- Bedfordview For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R7,500,000
Sales Revenue:
R16,000,000
Cash Flow:
R150,000

UP MARKET EVENING BAR AND LIVE ENTERTAINMENT- BEDFORDVIEW
SELLING PRICE: R7,500,000.00
STOCK: R150,000.000
Turnover: R16,500,000.00 PA
NETT PROFIT: R280,000.00 PM

Description: This classy up-market outlet, Live Music Band Entertainment Centre, is located in the heart of a restaurant, club, and bar hub in Bedfordview. Being established only 7 years, this venue has an excellent reputation in the market. It is in a class of its own, with none to match in Gauteng or Pretoria. Customers come to this unique outlet to see the latest rock star bands and up-and-coming music artists from both local and international artists. The outlet is built on a 2-level venue, expanding over 1000 m2. The entire outfit is specifically fitted with sound-breakers, state-of-the-art sound systems, and special lighting effects. Solid yet quality decor gives this venue an ambiance beyond imagination. The core business is around music, and the main revenue is generated from liquor and food. A safe environment provides customers with a place to hang out to have fun, relax, and enjoy real music! Designed to accommodate a variety of clientele communities, the venue can accommodate over 500 customers at each event. Whilst this outlet is owner-run, this business provides 32 well-trained staff with management to run this superb outlet. Trading hours are 3pm to late and are closed on Mondays.

Property Information

Real Estate:

Lease

Lease Terms:

5 years with extension

Living Accommodation:

Yes, full Flatlet

Location:

Johannesburg - North Eastern suburb

Premises Details:

Leased with approval

Size in square feet:
1500m2
Planning Consent:

Yes, and sound proof

Business Operation

Expansion Potential:

Expansion to replicate to Northern suburbs

Competition / Market:

None

Reasons for selling:

Retirement

Trading hours:

3pm to 2am

Employees:
12
Years established:
2107

Other Information

Support & training:

Yes, for high tech equipment

Financing available:

No

Furniture / Fixtures value:
R6,000,000
Inventory / Stock value:
R250,000