Established Bar & Grill for Sale
Gauteng (GP) businesses for sale
Food/Hospitality businesses for sale
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About this business for saleEstablished Bar & Grill for Sale
On offer is an established Bar and Grill outlet (non-franchised) which open its doors in 2001 and has been managed by the same owners since.
It is situated in a busy mall in the West Rand and comes to market due to the one of the owner wishing to retire and return to the UK. and the other wishes to pursue other business interests.
This popular venue seats 130 people inside and another 50 on a patio in a busy mall and serve alcohol, cocktails/shooters, starters, toasted sandwiches, salads, burgers, light lunches, grills, bootlegs fare, deserts and hot drinks.
A big attraction is live bands performing on Friday and Saturday evenings as well as an internet lounge, a pool table and seven TV screens for sport lovers to relax in a relaxed atmosphere.
The client base is mainly between the age group 25 to 60 years and clients been attracted from the surrounding suburbs and regulars visiting the outlet as well as “word-of- mouth”.
The average monthly NPBITD for 2016 was R164 472 and the selling price for this neat Bar and Grill outlet on offer, is R3 450 000 which includes assets of R637 000, but excludes stock of about R35 000. This represents a ROI of 56.6% and a payback period of 21 months.
Full audited financial statements, management accounts as well as a detailed asset register is available to serious buyers who have the necessary equity available.
The owners are prepared to stay on for one month to ensure a smooth take-over.
This established Bar and Grill will suit someone who is committed to providing excellent customer service, is professional and has the ability to manage his staff effectively.
For further information, please contact the listed Broker, Helmut Bahlmann.