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Highly Profitable Niche Restaurant In Port Elizabeth For Sale

Port Elizabeth, Eastern Cape, South Africa
Asking Price:
R1,500,000 Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
R1,100,000

A Vibey Din-Sum & Noodle Bar serving authentic Asian food in a casual setting, stocked with an incredible boutique wine list as well as gin and craft beer.
All Situated on PE’s famous food strip.
The restaurant is well run and managed by the well trained competent friendly staff. The business is well established and has been constantly profitable over the years. The most recent financials show profit in excess of R1m rand for the year.

Rare opportunity to purchase an excellent profitable business. On the market as the owner is emigrating. With an asking price of R1,5m (including stock and Vat) this business is sure to sell fast.
Don’t delay contact your broker today to view.

Property Information

Real Estate:

Lease

Lease Terms:

Annual with an option to renew

Leasehold Rent:

R222,000 per annum

Location:

Located in a Vibey area, with strong feet.

Premises Details:

Well laid out premises, with both in door and outdoor seating. Offering a bit for all tastes.

Business Operation

Expansion Potential:

Great potential to expand, buyer can add many further opportunities onto the business.

Competition / Market:

Due to the restaurants niche focus the competition is limited.

Reasons for selling:

Owner is emigrating and wishes to sell

Trading hours:

Tuesday - Saturday 12h00 - 10h00

Employees:
10+-
Years established:
5+

Other Information

Support & training:

Full Support and training will be given to the new buyer. The Staff are highly trained and competent.

Furniture / Fixtures value:
R400,000
Inventory / Stock value:
R150,000 - included in the asking price

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