Lucrative and Popular Upmarket Restaurant
About this business for saleLucrative and Popular Upmarket Restaurant
This long established extremely popular upmarket restaurant is an excellent investment.
The restaurant was recently named as 1 of the 5 best old school steakhouses in South Africa.
The establishment has been providing excellent food and service for the past 36 years and the restaurant is well positioned with an interior that exudes charm and character. This all creates a memorable dining experience.
The restaurant also features a bar area and function room and the dining area provides for 150 seats. This is all well supported by an excellent kitchen setup.
The staff are also well experienced and trained.
In addition, the business also has a separate beer garden and pub which caters to a different market and this contributes nicely to the monthly turnover.
The asking price for the restaurant is R3 700 000 excl. Vat and Stock. With an Annual Net Profit of R1 500 732, this business offers a great return of investment of 41% and a payback period of 30 months.
Opportunities like these do not come along that often. Do not hesitate to contact the listing broker – Claire King (073 232 4407)
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.