Profitable, Established Restaurant and Pub
Pretoria - Centurion businesses for sale
Food/Hospitality businesses for sale
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About this business for saleProfitable, Established Restaurant and Pub
This business offering represents a well-established Restaurant and Pub situated in a medium-income neighbourhood suburban shopping centre.
Since it's opening some 15 years ago, and operating from the same location, the business has developed a reputation for “come and have a good time” whether it is for a nice meal or drinks with friends, just joining another visitor or watching sports events.
There are also Graz slots to keep visitors busy and over weekends, the venue offers live entertainment, hosting DJ's for dancing and Karaoke events, etc.
Seating arrangement is for up to 100 guests 40 of which are inside and the remainder, on covered outside patio. The equipment is all functional, in good condition and the kitchen has been upgraded.
Priced at R1,220m excluding stock of +/- R75k and VAT (if applicable).
The reason for sale is that, the current married owners (the husband is involved in daily running of the business while his wife work fulltime) have had a recent extension in the family. They've owned the business since 2010 and for family reasons, want to pursue other interests.
This business will suit a working, hands-on owner.
Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) based on historical trading amounts to R59k per month resulting in a ROI of 55% and payback period of 22 months.
Within the same shopping centre, the owners also own a small bottle store with a turnover of +/- R150k pm which they acquired end 2013.
After a period of trading losses, the business is now at breakeven with realistic profit potential if managed in a focused, owner-operated fashion
This bottle store outlet is also for sale and one a buyer of the Restaurant and Pub could consider acquiring alternatively, it could be sold independently.
Priced at R300k excluding stock of +/- R220k and VAT if applicable.