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Unique Barbershop & Cocktail Bar In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,500,000 Furniture / Fixtures included
Sales Revenue:
R3,600,000
Cash Flow:
R1,200,000

Fantastic opportunity to own a trendy bar/barbershop situated in the heart of Johannesburg's Northern suburbs!

This venue has featured on numerous adverts and video shoots, and has been booked for product launches and functions by the likes of Castle Lite, Nedbank, Klipdrift + many more!

**Unisex barbershop by Day.                                                                                               
** A vibey cocktail bar serving Craft beers, fine whiskeys, cocktails and Cigars at night.
** Regular live entertainment - bands, cabaret, comedy nights.                                                                                                                                   
As with all businesses in the entertainment sector, last year was depressing, however the harsh lockdowns have eased and business is picking up nicely. 

Turnover (excl. 2020) - around R300k pm.
Net Profits - around R100k pm.
Asset value - R600k.
Selling Price - R1,5m. 

Property Information

Real Estate:

Lease

Lease Terms:

2-3 years option with option to renew.

Leasehold Rent:

R350,000 per annum

Location:

Prime main road visibilty in busy Northern suburbs strip

Premises Details:

Situated in a busy strip mall focused on food and entertainment

Business Operation

Expansion Potential:

Can open more stores in other cities or good opportunity for Franchising.

Competition / Market:

This is a unique concept.

Reasons for selling:

Owner has a Professional practice and is too busy to focus anymore time on this business.

Trading hours:

9am - late.

Employees:
4
Years established:
4

Other Information

Support & training:

Full handover by owner.

Furniture / Fixtures value:
R600,000 - included in the asking price

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