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RESTAURANT GRILL AND TAKEOUT ROADHOUSE

R 3,300,000

2 months ago151 views
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General Details
For Sale By:Dealer
Description
#

Location: Edenvale

Year Established: 2004

Number of Employees: 14 plus the owner

Hours of Operation: 9:30 till 20:30

Lease Term: 5 Years expires in August 2023

Movable Asset Value: R470, 000

Stock Value: R 40,000

Average Monthly Turnover: R 287, 000

Average Monthly Expenses: R84, 000

Average Monthly Net Profit before Tax: R109, 000

Asking Price: R 3,300,000 (excluding stock)

Reason for selling: Owner needs to attend to other business interests

Wonderfully positioned on a corner site with lit up neon sign

The premises are leased and both the cooking area and dining facilities are have been recently upgraded

Licensed to serve liquor and a large TV screen is in place

The menu includes Ribs - Chicken - Toasted sandwiches – Burgers - Pizzas

Established in 2004 and has been an immediate success with a wide client base across most income groups

Opens daily at 09:30 till 20:30

The business is so well organised and established to handle high sales volumes and

the working hours allow them to take full advantage of the client opportunities

Large volumes of takeout orders and to open earlier would mean more business and attract breakfast diners and to start to do deliveries would vastly increase the dales.

There are no specific conditions of purchase, except that the buyer will need to pay a deposit and the balance due on the business purchase price to the seller after approving the due diligence process and by no later than the effective date.

The business appeals to those clients who want good food at reasonable prices in a clean and welcoming atmosphere The population in the area are a good target market

The location is ideal and easily accessed

More and more there is a growing demand for good food at good prices

The business can grow with almost no new capital needed

This is such a good and satisfying business opportunity

Return on Investment is 40%

Payback period is 30 months

This business will suit a buyer with some knowledge of the industry and an interest in serving good food as well as the desire to benefit financially and to get the satisfaction from the effort

Id Subtitle 485834888
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Eric AbrahamsonMember since 2013
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