Indian Restaurant And Take Away In Durban For Sale

Business description

A Durban Restaurant and Take Away,specializing in Indian Fusion cooking,whilst at the same time offering authentic Indian specialities.The venue also caters for family and business functions,buffets and take away catering.

Priced to sell at R470 000 incl R10 000 stock, while netting R25 000 pm.

The business was started in June 2010 and is situated in a prime Restaurant take away area, with seating for 55 patrons.

Property information

Real Estate:

Lease

Lease terms:

The lease runs until 2013 and may be extended at some 10% pa escalation, on a present renatl of R15 639 pm.

Leasehold rent:

R187,668 per annum

Location:

Norther suburb of Durban

Premises details:

.The venue has an open air feel about it with large sliding glass doors opening onto an outdoor patio area. It is 170m2 and seats 55 patrons.

The lease runs until 2013 and may be extended at some 10% pa escalation, on a present renatl of R15 639 pm.

Size in square feet:

170m2

Planning consent:

Food and liquor licences are held and easily renewed each year.

Business Operation

Expansion potential:

Develop the delivery side of the business to nearby offices.

Competition / Market:

The business is situated in a prime Restaurant take away area. and so has competition, however, the conglomeration of restaruants actually works very well in SA, to bring in more patrons.

Reasons for selling:

The owner wishes to emigrate.

Trading hours:

Trading is from 10.30 - 9pm. Mon - Sun.

Employees:

The owner is hands-on as the manager, with 5 staff: 4 X Kitchen staff who are fully trained as chefs and 1 Waitress.All have been with the restaurant since inception.

Years established:

2

Other information

Support & training:

Owner can assit in training the new owner or a manager, while the staff are well trained.

Furniture / Fixtures value:

R290,000 (included in the asking price)

Inventory / Stock value:

R10,000 (included in the asking price)