Restaurant For Sale

Business description

The most stunning Restaurant on the market!
The décor in the shop gives the customer a warm and homely feeling. All fittings are new and in a modern up market style. With an 80(48 inside/32 outside) sitting space and two big TV screens as well as good food the restaurant attracts families to sport fans. Sadly the owner is immigrating. He feels that a new owner could also add a bakery or an Ice cream parlor to the establishment. A new liquor license only arrived last month and he did not even have a chance to explore the impact on the profit. The restaurant is situated in a secure, lovely shopping center in the North of Johannesburg. It is an up market area with new companies, offices and townhouse developments. The business does not show profit because the owner spends over 10000.-- every month on decor and improvement. The selling price is a bargain with the new asset +782000.-- and new liquor license in place.

Property information

Real Estate:

Lease

Lease terms:

the lease runs until 2011, option for another 5 years.

Location:

The restaurant is in a upmarket secure shopping centre in the North of Johannesburg.

Other information

Expansion potential:

The new liquer license will make a big differents as well as there is lot of development in the area.

Competition / Market:

There are no threats.

Support & training:

training will have to be arranged with the owner.

Reasons for selling:

owner wants to immigrat in Jan. 2009

Trading hours:

Mon - Sun. 6am for big breakfasts until 8pm or later. The new owner can change the times.

Furniture / Fixtures value:

R782,323 (included in the asking price)