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Vibey Cocktail Bar & Restaurant In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R1,600,000 Furniture / Fixtures included
Sales Revenue:
R7,200,000
Cash Flow:
R720,000

Situated in the heart of trendy Melville, this gem has a reputation for great vibes, awesome cocktails, Craft Beer and mouth watering food.

Established just before the lockdowns in 2020, they not only survived but grew steadily into a profitable business!

All Licences are in place and up to date!

Staff – 18 including 2 Managers.

Assets – R250 000.

Rent – R38 000. (Can be reduced by sub-letting unused shop next door.)

Turnover – R600 000 pm.

Owners takings – R60 000 pm.

Selling Price – R1,6 million.

Reason for Sale – Owners are emigrating.

Bonus – Generator which keeps the power on during loadshedding. Brand deals with big Liquor suppliers in excess of R250k per year!

Property Information

Real Estate:

Lease

Leasehold Rent:

R450,000 per annum

Location:

Prime vibey street in entertainment hot spot

Planning Consent:

Full liquor Licence
Food Licence
Fire, Health & Safety and Gas Compliance

Business Operation

Reasons for selling:

Owners are emigrating

Trading hours:

Trades 7 days a week from 11am - around 12/1am.

Employees:
18
Years established:
3

Other Information

Support & training:

Full handover and introduction to suppliers

Furniture / Fixtures value:
R250,000 - included in the asking price
Inventory / Stock value:
R50,000

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