*** SOLD ***
Licenced, Franchised Restaurant and Pub
About this business for saleLicenced, Franchised Restaurant and Pub
This recently refurbished, licenced, franchised Restaurant and Pub is located in a prominent location north of Durban.
The décor and ambience is superbly inviting and patrons have the choice of sitting indoors in comfortable, pleasant surroundings or outdoors on a spacious deck with a refreshing sea view. The establishment is spacious and well-appointed and all furnishings and fittings are modern and as good as new.
Under previous ownership, the business experienced significant losses primarily due to poor management and a lack of interest however, since the Seller bought the business a few months ago, it has been positively turned around to the point of breakeven and seasonal periods are profitably rewarding.
Under the new ownership, the business has received a number of notable, positive reviews and indications are that it is back on the road to full-recovery. An outstanding personalized service is ensured with friendly, competent and well trained staff in conjunction with good quality, value-for-money food.
The Seller is reluctant to dispose of the business however; he is a multiple restaurant owner whose time is stretched to the extent that, selling is in the best interest of business and future growth.
The layout of the business lends itself to hosting private functions and necessary applications are in place to add LPM gaming machines to the offering.
The business is listed to sell at R475 000 including a rental deposit of R140 000 and R100 000 in stock at cost. Assets are considered to be worth well in excess of the asking price rendering this a superb investment opportunity and ideally, the Purchaser should be an experienced, energetic restaurateur with a passion for food, people and entertainment.
For a confidential chat about this great opportunity, kindly contact the listing Broker.