Restaurant For Sale

Business description

Restaurant/Bar for sale in the heart of Umhlanga operating for 16 yrs,we have a very loyal client base with a great atmosphere! net profit R107k PER MONTH(out of season) R150k PER MONTH (in season), Asking R3.63mil! All financials are available on request!

Property information

Real Estate:

Lease

Lease terms:

The lease is a 5year lease with option to renew!

Location:

Prime Location,between the new upmarket Pearls Development and the Oysters development!

Other information

Competition / Market:

The most popular watering hole in umhlanga the locals favourite,so there is very little competition!

Support & training:

The buyer will be given 2 months training!

Reasons for selling:

Retirement

Trading hours:

08:00 till Close

Financing available:

All financials are available to prospective buyer on request!Including meeting with accountant to assure all financials!

Furniture / Fixtures value:

R630,000

Inventory / Stock value:

R75,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.