Summary

This is a well established restaurant that doesn't require much effort and can start making money right away .All the staffs are steady and working for many years ,the owner is leaving SA due to need to take care of other business abroad .Annual profit 700-800k rands ,selling 1.6 million for now ,and price negotiable .

Give me more information

Fully describe the business's activities?

This restaurant selling teppanyaki ,sushi ,ramen ,fried rice and ect ,we boasting many loyal long-time clients ,some of whom have been visting for more 30 years ,since young to old

How long has the business been established?

This is a well established restaurant with over 30 years of history .

Give a breakdown between sit-down, takeaways and deliveries

we have more than 25 tables for sit down ,we also doing well for takeaways .

Is the business VAT Registered?

It is VAT registered .

How many employees?

8 employees ,5 in the kitchen and 3 waiters .The waiters only get paid by tips .

Give a breakdown of staff/ functions?

A chef take care of both of the teppanyaki and kitchen ,2 chefs takes care of the sushi bar .2 assistances take care of the kitchen and cleaning .And 3 waiters .

How involved is the Owner in running the business?

The owner is always abroad ,so only take care of the salary ,cost of the restaurant ,and some materials buying .

When does the current lease end?

July of 2027

Is there an option of renewal & what period?

yes ,can renew for 5 years

What is the square meters of the business?

160 sqm

Is a copy of the lease available?

yes

Do you require a licence?

yes ,we possess all the license ,incl the alcohol license.

What lease deposit and/or other surety is required?

150k

What are the main assets of the business?

The decoration and furniture ,and stocks

What is the reason for the sale?

The owner is leaving SA due to need to take care other business abroad

Why is this a good business?

This is a well established restaurant for more than 30 years and boasting many loyal long-time clients ,many of them have been visiting here since they were young .And its making money even the owner is not there ,all the staffs have been working here for many years ,some of them even more than 10 years .Evenyone is very familiar to how to take care the restaurant .Now selling 1.6 million rand ,price egotiable .