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Butcher Block Steakhouse

 

PROFILE    
Description:    The Butcher Block Restaurant at the Crown Plaza in Rosebank is the restaurant of choice for excellent food and relaxed dining. Long established and frequented by a loyal customer base. Beautiful settings in the heart of upmarket area. Excellent investment. Royalties and franchise fee payable.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Rosebank
Location / Area:   
Portability:    Low Portability - Relocation is not possible. But there may be limited value in licences, patents, technology or access to clients and suppliers which would add value to a similar operation at another location taking over
PRICE    
Asking Price:    R 2 220 000
Conditions:    Excluding stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 480 000 per month
Profit:    R 75 000 per month
Annual Return:    41 % per annum
No. of Staff:    24
Year Established:    2009
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Store size: 380 m2 with seating for 156 patrons.
Current rental is R 41,000 per month escalating at CPIX +1 per annum.
One year lease remaining with the option to renew for a further 5 years.

  STAFFING  
Loyal staff that is well trained will remain.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Some experience in the restaurant industry will be an advantage.

  MARKET and CUSTOMERS  
The business has been established for 7 years and has built up a loyal customer base.

  LIFESTYLE ISSUES  
Trading hours....
  -   12pm to 3pm Lunch and 5pm to 10:30pm Dinner

  REASON FOR SALE  
The owner has various other business interests that he wishes to manage full time.

  NON-DISCLOSURE AGREEMENT  
A non-disclosure document will have to be signed by all prospective buyers before details are made available.

  AVAILABILITY of AUDITED FINANCIALS  
Financials are available on request from seller.


 

 

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Record ID: 2666
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