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  Bar / Restaurant in Durban  

 

PROFILE    
Description:    Well established for 20 yrs and with the current owner for 18 yrs. In close proximity to many major landmarks and hotels. Long serving staff. The property is currently being sectionalised and will be available for sale. Full details available on request.
Industry / Sector:    Entertainment - Bar and Nightclub
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban Central
Location / Area:    Central
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
PRICE    
Asking Price:    R 2 000 000
Conditions:    Terms could be negotiated
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 250 000 per month
Profit:    R 50 000 per month
Annual Return:    30 % per annum
No. of Staff:    10
Year Established:    1997
Legal Persona:    - unknown or withheld -
Other Information:     
The main liquor suppliers are SA Breweries and Booths.

Financial controls are good and and GAAP tills are in use.

No entrance charges for the live music. The Saturday night resident DJ has performed for the past 4 years.

The trading hours are from 12:00 noon through to 4:00am - All days Monday to Sunday - 365 days a year.
 

 

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Record ID: 2702
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