Property Description
ABOUT THIS BUSINESS: Prime opportunity to own this unique themed restaurant and bar in the Garden Route. The venue features a fully equipped kitchen and bar with both downstairs and upstairs seating, serving ice-cold beer on tap, juicy burgers, wood-fired pizzas, nachos, steaks, ribs, and a variety of other favourites. TVs throughout make it perfect for business meetings or lively celebration gatherings. Enjoying strong local and tourist trade, a loyal customer base, excellent reputation and consistent revenue, this turnkey business offers excellent growth potential.
OPERATIONS: Under management.
REASON FOR SELLING: Abroad.
SCALABILITY: Massive market to grow and expand, especially functions and events.
PREMISES: Leased.
TRANSACTION: Cash buyers only to enquire. (No seller finance)
ACQUISITION VALUE:
SELLING PRICE: R1,5m as a going concern/ zero VAT rate.
STOCK INCLUDED: R87,000.00 (estimated)
TOTAL ACQUISITION VALUE (INCLUDING STOCK): R1,587m
INVESTMENT RETURNS:(EXCLUDING STOCK)
PE RATIO: 5.3
ROI(RETURN OF INVESTMENT): 19%
MPB(MONTH’S PAY BACK): 64
ASSETS:
MARKET VALUE: R1,4m
ASSET VALUE RATIO TO SELLING PRICE: 97%
PROFITABILITY:
AVERAGE ANNUAL TURNOVER: R6,2m
AVERAGE MONTHLY TURNOVER : R521,000
NET PROFIT (EBITDA) PER ANNUM: R273,000
NET PROFIT (EBITDA) PER MONTH: R23,000
