Established Pub and Grill in the Eastern Cape
About this business for saleEstablished Pub and Grill in the Eastern Cape
This licensed, very popular pub and grill is superbly located in a main street of this peaceful Karoo town.
This established business has the charm and ambience of a traditional pub and grill with some modern necessities such as a large TV, a quality sound system and a good Point of sale system. Very capable staff of 10 is able to run the business without the full time input of the owner.
Sun decks with views of the mountains are important features of the property. Food is freshly prepared and very reasonably priced. Wood fired pizzas and Karoo steaks are especially popular with both tourists and locals. A generator is in place to ensure business is not affected by load-shedding.
The listing price is R1,500,000 million (excluding stock of R50,000 at cost and VAT) and the annual Profit before Income Tax is R840,000. This provides a return of 56% on the investment.
The price excludes the property that comprises 4 apartments and the restaurant premises, asking price R3,300,000. Total price, R4,800,000. Backpackers accommodation that would make up a second revenue could be exploited by a purchaser.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.
For more information, kindly contact the listing Broker.