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Oriental Style Restaurant and Take Away

 

PROFILE    
Description:    This is a non-franchised oriental restaurant/take-away situated in a prime spot. Long established and recently renovated. Requires owner management that will grow the business further.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Sandton
Location / Area:   
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
PRICE    
Asking Price:    R 750 000
Conditions:    Excluding Stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 150 000 per month
Profit:    R 45 000 per month
Annual Return:    72 % per annum
No. of Staff:    12
Year Established:    2008
Legal Persona:    - unknown or withheld -
Other Information:     
  PREMISES  
Three years remaining on current lease with option to renew.

  STAFFING  
Long standing experienced staff in place.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Previous fast food experience would be an advantage.

  MARKET and CUSTOMERS  
Loyal customer base due to the long period that the business has been in operation.

  OPPORTUNITY for GROWTH  
The premises has recently been upgraded. The business needs to be owner operated so that the quality control can be improved to previous standards.

  LIFESTYLE ISSUES  
Trading Hours: Monday to Sunday: 11h00 to 21h00.

  REASON FOR SALE  
Owner wants to renew her studies full time.

  NON-DISCLOSURE AGREEMENT  
Non Disclosure document is required to be signed before financial information will be made available to any potential buyer.

  AVAILABILITY of AUDITED FINANCIALS  
Up to date financials available.


 

 

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Record ID: 2730
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