Reputable Very Profitable Restaurant Eastern Cuisine Gauteng - High Asset Base
Gauteng (GP) businesses for sale
Food/Hospitality businesses for sale
Restaurant businesses for sale, Gauteng (GP)
About this business for saleReputable Very Profitable Restaurant Eastern Cuisine Gauteng - High Asset Base
Well established and profitable Eastern food restaurant. Reputable business with excellent references in the market place.
Awards for excellence and outstanding services. The food is superb and reckoned as the place to go to ensure a divine meal and having a good time.
The restaurant is very well located in a prime high income area with good visibility, ample and secure parking. It has a very large area for a large number of guests, making it an ideal venue for a wide range of catering services and functions, over and above the casual dining experience. The owner and loyal, well-trained staff also provide for exclusive designs to make every event personal and special. For this year a new record has been set for serving tour group, demonstrating good reputation and standing..
The restaurant is beautifully decorated with a very neat and well-kept asset base to the value of +-R1,900m.
The reason for the owner wanting to sell is only due to the fact that he must return home to assist his family with other business matters.
Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) amounts to R1,830 per annum or R170,000 pm.
The ROI is an excellent 44% and a good payback of 28 months considering the high asset base.
The price of R4,200,000 excludes VAT(if applicable) but includes stock to the value of +- R150,000.
The price is negotiable.
The business has a great reputation and is still growing. There is a real opportunity to expand the excellent and proven concept with more outlets.
The business will suit an owner who wants to work in the business so to benefit first hand through the important interaction with repeat and often important diners, guests and overseas visitors. It also offers the benefit of a standalone restaurant with the freedom to operate independently.