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Restaurant Hartebeespoort

 

PROFILE    
Description:    This legendary non-franchised steakhouse has an extensive a la carte menu which brims with grills, seafood and succulent meat dishes - all accompanied with hearty side dishes and refreshing drinks. The business includes the Lake Motel with additional profit of ħR40 000 per month. This is an ideal opportunity for a young quality operator to take this business to a new level.
Industry / Sector:    Restaurant
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Hartebeespoort
Location / Area:   
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 3 000 000
Conditions:    Excluding Stock
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 750 000 per month
Profit:    R 100 000 per month
Annual Return:    40 % per annum
No. of Staff:    32
Year Established:    1997
Legal Persona:    - unknown or withheld -
Other Information:     
  GENERAL OPERATIONS  
Long established restaurant with a small motel attached.

  PREMISES  
New lease to be negotiated. Seller is also the landlord.
Oportunity to purchase the building at an additional R5 000 000

  STAFFING  
Loyal long standing staff with good experience.

  MARKET and CUSTOMERS  
The business has been operating for 22 years. Loyal customer base.

  OPPORTUNITY for GROWTH  
This business is in need of new blood. Excellent location.

  REASON FOR SALE  
Personal

  NON-DISCLOSURE AGREEMENT  
A non-disclosure agreement will have to be signed by any potential buyer prior to the detailed information being made available.

  AVAILABILITY of AUDITED FINANCIALS  
Available on request from seller.

  SALE CONDITIONS  
Buyer will have to provide own finance.


 

 

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Record ID: 2764
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