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MACYOUNG: Popular Karaoke Bar in the Garden Route

R 2,799,994
Deal of the Week
Exclusive Mandate

Overview

Property Description

Property Description: Popular Karaoke Bar in the Garden Route

About this Business: This is a popular spot for all the locals to enjoy good music, good food and live entertainment. This established offers exceptional service and value for money meals. Relaxed atmosphere with ample space for expansion. The location is very visibly to passing by traffic with ample parking.

History: This bar has a track record exceeding 15 years operating successfully and is exceptionally profitable.

Staff: There are 9 staff members all skilled in their day to day duties. Casual security staff also in place for busy season and weekends.

Scalability: Due to the space in this venue, the world is still your oyster. This business has proven month-on-month revenue growth.

Figures: Monthly revenue circa R476k, delivering earnings around R122,000(EBIT)

Assets and Inventory: All assets included in listing price. Excluding stock in trade. Value to be determined by stock take prior to hand over.

Reason for Selling: Multiple Business Ventures.

Selling Price: R2,800,000.00 ex VAT

ROI: 53%!

Other Features
Assets Included
Premises Leased
Property Id : 3328
Price: R 2,799,994
Monthly Turnover: R476,000.00
Monthly Profit: R122,000.00
ROI: 53%

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Driaan Terblanche [MacYoung]- Business Consultant