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  Portuguese Restaurant with Bar and Gambling Machines  

 

PROFILE    
Description:    A stunningly appointed upmarket Portuguese restaurant seating 75 people. There is a large gaming area with pool tables and 5 slot machines. A visit is needed to fully appreciate.
Industry / Sector:    Restaurant and Bar
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    Kloof
Location / Area:    Kloof
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 350 000
Conditions:    Cash transaction required
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 110 000 per month
Profit:    R 25 000 per month
Annual Return:    86 % per annum
No. of Staff:    5
Year Established:    2007
Legal Persona:    - unknown or withheld -
Other Information:     
The very spacious kitchen is run by 3 excellent staff. There is a large menu and outside parties catered for.

The adjacent bar is well stocked and offers a jukebox. Food and liquor can be ordered from the bar. There is separate outside access to avoid disturbing restaurant patrons.

The owner plus two waitrons handle the dining room with extra help on call if required.
 

 

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Record ID: 2688
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