Verified Listing
Posted on August 27, 2018 / 70
Price : R3,200,000
Listing Type : Entertainment
Location : Pretoria
Ref. No : 2475
Year Established : 2005
No. of Employees : 21
Lease Term : 3 years
Turnover : R870 000 per month
Cost of Sales : R446 000 per month
Expenses : R273 000 per month
Net Profit : R151 000 per month
Asset Value : R330 200
Stock Value : R612 000

A very lucrative & well managed Sports Bar and Entertainment Establishment is for sale.

The bar was established in 2005 and ever since grew in a popular entertainment establishment for a loyal and regular client base. It is situated in a very busy area with a lot of traffic and passing by pedestrians.

The bar has state of the art freezers, bar counter and tables with marble tops. The sound system is also state of the art with live music streaming.
There are also eleven pool tables and five gabling machines which generate continuous extra cash for the business. All the equipment is regularly maintained and is therefore in tip top condition. All the equipment is paid up.

The bar is a very strong player in the liquor trade with solid supplier relations and support. The business receives also kickbacks from their suppliers because of the high volumes, which is an extra incentive.

The owner wishes to get away from paying rent by buying property in which he can then establish new business.

The ROI is 45.3% which makes it a great investment in a business which is solid and trading already for 13 years. Expansion is also possible for the new owner. All the necessary licenses and regulations are in place. The selling price includes the net working capital of the business.

If you are interested in this lucrative deal, please contact me for more information, but hurry it will sell fast!!

* Pieter Swanepoel – LP Pretoria North