Filters
LocationSouth Africa, KwaZulu-Natal

Sector - Food

Asking Price
R3,250,000
Monthly Profit
R 97,389
Asset Value
R 1,000,000
Stock Value
R 200,000
Yearly Net Profit
R 1,168,673

Summary

Business is situated in a prime spot with loads of parking. Offers great food and entertainment like no other in the area. Quality and service of the highest standard, offering classy cocktails and a Casino for further entertainment. Venue is very well known and well supported by the locals - good solid business generating healthy Nett profits for a great return on your investment..

Give me more information

Fully describe the business's activities?

Restaurant, Cocktail Bar, Casino & Live Entertainment

How does the business operate on a daily basis?

Managers in place to open and close business daily, Owners manages the finances, orders and stock, oversees the everyday running of the business.

What Advertising/Marketing is carried out?

Social media platforms.

How could the profitability of the business be improved?

Better marketing and promotional work, however business is running at a medium to high capacity.

Give a breakdown of staff/ functions/ length of service?

3 - Managers, 10 - Bar & Waiters, 5 - Kitchen, 6 - Casual

Do any have management potential?

Management in place already.

How involved is the Owner in running the business?

80% of their time.

When does the current lease end?

September 2021

What are the trading hours?

Sunday to Wednesday 11am - 11pm, Thurdays 11am - 2am, Fridays & Saturdays 11am - 4am

What are the main assets of the business?

Kitchen equipment, Furniture, Stock & Staff

Strengths?

Business is situated in a prime spot with loads of parking. Offers great food and entertainment like no other in the area. Quality and service of the highest standard, offering classy cocktails and a Casino for further entertainment. Venue is very well known and well supported by the locals - good solid business generating healthy Nett profits for a great return on your investment.

Weaknesses?

Hands on business, quite demanding however very rewarding.

What is the reason for the sale?

Owners been in the industry for some time, have other business interest they would like to explore.

Location

Contact | Enquire

Werner

Werner Angell-Schau

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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