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Restaurant at Rand Central Airport

 

PROFILE    
Description:    The restaurant is beautifully positioned very close to the runway and apron so patrons can admire the planes as they taxi to and from the runway only a stone's throw away from their table. There is seating inside and outside with tables close to the runway. There is a child section where children can play on a jungle gym whilst their parents enjoy their experience at Harvard Cafe. This is an exceptional business opportunity with an option to purchase a similar business in another airport.
Industry / Sector:    Restaurant
 
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Midrand
Location / Area:    Airport
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 3 600 000
Conditions:    Excluding Stock
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 830 000 per month
Profit:    R 150 000 per month
Annual Return:    50 % per annum
No. of Staff:    25
Year Established:    2014
Legal Persona:    - unknown or withheld -
Other Information:     
PREMISES
Lease period remaing is 3 years.
Store Size:   Inside: - 350m;   Outside: - 700m.
Rent:   R60,612 per month with escalation at 8% per annum.
Seating:   400

STAFFING
Long standing experienced staff to remain.

NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
Restaurant operating knowledge will be an advantage.

MARKET and CUSTOMERS
This restaurant is an iconic landmark at the airport.

LIFESTYLE ISSUES
Trading Hours:
Mon - Sat: 07h00 - 21h00
Fri: 07h00 - 22h00
Sun: 07h00 - 18h00

REASON FOR SALE
Owner immigrating while partner has other business interests.

NON-DISCLOSURE AGREEMENT
A Non-Disclosure document must be signed before detailed information is provided.

AVAILABILITY of AUDITED FINANCIALS
Available on equest from seller.


 

 

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Record ID: 2796
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