Ref. No - BFS00387
South Africa, GautengRef. No - BFS00387
Sector - Food
Summary
Land mark Portuguese restaurant for sale in bedfordview. winner of numerous awards.
Give me more informationFully describe the business's activities?
the buiness is a land mark in the bedfordview area and has been operating since 2021.
How long has the business been established?
5 years
Give a breakdown between sit-down, takeaways and deliveries
95% sit down
Is the business VAT Registered?
yes
How many employees?
12
Give a breakdown of staff/ functions?
2 managers
5 kitchen
1 bar
6 waiter
How involved is the Owner in running the business?
no involvement
When does the current lease end?
2034
Is there an option of renewal & what period?
10 year
What is the annual escalation %?
6%
What is the square meters of the business?
420
Is a copy of the lease available?
yes
Do you require a licence?
liqour licence till 4am
What lease deposit and/or other surety is required?
R125k rental deposit
What are the main assets of the business?
build out cost was R 9 million in 2021
What is the reason for the sale?
concentration on other buinesses, which has led to a drop in turnovers. needs a hand on owner
Why is this a good business?
it is an established buiness in a prime location with a vey good rental and lease term. a hands on owner can take it back to its glory days. expenses breakdown: rent all in: R115k, gas R9k Salaries R75k
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