Well-Established Entertainment Venue Nightclub In Durban For Sale

The venue is inclusive of a nightclub, a pub, & food service.
Established by the owner many years ago, in a suburb just outside of the CBD,. It has an existing steady patronage while identifying & promoting alternative venue usage opportunities to other/new potential clients.
The venue opens around 60 nights a year, allowing for minimal owner involvement yet high annual turnover & profits. The owner plans in advance, advertising and coordinating the function nights, & ensuring stock & staff are in place.
On an open night, the owner will open & close the venue, while staff will manage the clients & systems/processes, with an emphasis on entrance fees, music, drinks, & food.
On the day preceding & following the event preparations, cleaning & re-stocking will be managed by the owner.
On the other days of the year, the owner unfortunately has to play golf & enjoy his time off!
The business controls all money coming in through a computerised system & camera's, which reduces any chance of pilfering by staff. This system is then fed into a management control system that tracks income & expenses on a nightly, eventally, and monthly basis.
These management accounts are available monthly in arrears & have been utilised within this report.
The gross income for Feb 2024 amounted to R9.3 million, excl. VAT, with the net profit including the owner's benefits totaling some R2.78 million.
Feb 2024 results were similar to those of 2023.
A full list is available, which includes every conceivable item required for such a business, with all paid-off items acquired at some R5 million and presently insured at some R2.3 million.