Brilliant Italian Restaurant In Sandton Northern Suburbs For Sale

Business description

This popular well established independent restaurant is renowned for its top Italian cuisine and excellent service with value for money prices. They have an established mix of business and domestic clients, including lots of families on the weekends. The shop has a lovely warm welcoming atmosphere, and is conveniently located in the Sandton area in a local shopping centre, with anchor stores such as Pick n Pay and FNB, including lots of parking. With an average monthly Net Profit of R85k, after Vat, this popular Italian eatery is well run, well organized and always sparkling clean. The staff are extremely efficient, and and have been trained by the best, resulting in the production of some of the best Italian food in Johannesburg. As the present owners rely only on 'word of mouth', (very successfully), and do no advertising, the business is best suited to a young experienced 'hands-on' operator, who with a bit of marketing and some fresh new energy will be able to take it to the next level, yet at the same time keeping the same name and menu, and maintaining the same good food and service. The ground work and reputation are there for the taking. An excellent opportunity to develop more lunch time trade and takeaways, as their main income is generated at night. An excellent establishment with a solid customer base.

Property information

Premises details:

Convenient location with excellent secure parking

Business Operation

Competition / Market:

Aside from coffee shops, there are no other restaurants in the centre.

Reasons for selling:

The owner is getting involved in a much larger business.

Trading hours:

12pm - 2-30pm and 6-30pm -10pm 7 days a week.

Employees:

12 permanent staf, including baristas and soda fountain, plus 5 waiters.

Years established:

3 years

Other information

Support & training:

The present owner will stay on for thirty days to ensure a smooth takeover by the new owners.

Furniture / Fixtures value:

R700,000 (included in the asking price)

Inventory / Stock value:

R70,000