Successful Somerset West Italian Restaurant And Sushi Bar For Sale

Business description

Price: R1 400 000
Where situated: Lion Square, Main Road, Somerset West

General Details:
• Been around for 9 1/2 years.
• Serving – Steaks, Sushi, Seafood, Pizza and other.
• Fully license
• Size of business: Total 220 m²
o Main Restaurant = 180 m²
o Sushi area= 40 m²
o Plus outside space
• Seating: 120 in Total
• Rental contract: 4+5 yrs with 9% escalation.
• Staff: 13 Full time plus waiters
• Salary & Wages: R63 832.00 (This includes 2 Chefs & 2 X Managers)
• Owner at the shop most of the time.
• Equipment Value: Approximately R700 000 (included in Purchase price). This includes Pizza oven.
• Stock: Approximately R80 000 (excluded from the purchase file)
• Operating hours: 7 days a week – 12:00-22:00 and later.
• Servicing specials on specific days.
• Restaurant is very popular and on Thursdays, Friday and Saturday nights you have to book to be able to get a table. Do have lot of regulars.
• Variety of good food and wine.
• Do take-away on order, but do not deliver.
• Average Monthly Turnover with VAT: R290 000
• Net Profit: R54 000
• ROI of 40 %

Property information

Real Estate:

Lease

Other information

Website:

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