Ref. No - BFS10890
South Africa, GautengRef. No - BFS10890
Sector - Food
Summary
Thriving Greek Restaurant for Sale
Overview:
Seize the opportunity to own a highly successful Greek restaurant that has not only weathered the post-COVID challenges but has continued to flourish with a growing base of loyal patrons. Renowned for its function venue and event expertise, this restaurant has successfully hosted numerous events. With a strong review rating, media features, live entertainment, and true Greek traditions, it offers a vibrant atmosphere where breaking plates is part of the experience.
Business Highlights:
Post-COVID Success: Thriving and growing post-COVID, showcasing resilience and adaptability.
Function Venue: Well-known for its function venue and successful event hosting.
Media Features: Featured on radio and television, including an Afrikaans feature film and the series "Koning's van Kitskos."
Live Entertainment: Enhances the overall dining experience, adding to the lively atmosphere.
Owner-Run Potential: Profit can be immediately increased with owner involvement, eliminating the need for two managers.
Valuation: Business is valued based on true profits, removing non-recurring expenses, and is calculated at a P/E ratio of 3.5 using the rule of thumb method.
Financial Overview:
Annual Revenue: R3,079,831.00
Annual Profit: R566,433.00
Asking Price: R1,300,000
Due Diligence:
Due diligence will commence once a valid offer and proof of funds have been provided.
Ownership Opportunity:
This is a unique chance to own a thriving Greek restaurant with a strong customer base and significant growth potential. The owners, not selling due to business struggles but to refocus on their existing ventures, present a solid investment opportunity.
Contact Information:
Don't miss out on this exciting opportunity. Contact us today to schedule a visit, learn more, and explore the potential of owning a successful Greek restaurant. Reach us at 010 634 2030
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