Property Description
About this Business: This intimate little restaurant has so much to offer. The current menu consists of Light Meals, Starters, Salads and Items from the Grill.
Not to forget the food fired pizza’s.
History: This premises has been known as a dining venue with a history exceeding 10 years. All you need to do is bring your passion for food and expand on the current offering.
Staff: This establishment is managed by the owner but has 3 trust worthy and loyal staff members to assist with daily duties.
Scalability: This restaurant offers its future owner scalability with minimal expenses to be incurred. Liquor licence is in place for events or hosting small functions / wine tastings etc.
Figures: Annual revenue around R1,2million with a GP of 73%. Nett expected earnings circa R27,000 per month.
Assets: The asset inventory is valued at R519,000. (96% asset value!)
Seats: This venue can easily accommodate 60 people seated.
Reason for Selling: Owners to venture into a new business opportunity.
Selling Price: R540,000
ROI: 45%