Verified Listing
Posted on October 11, 2019 / 1077
Price : R7,500,000
Listing Type : Entertainment
Location : Gauteng
Ref. No : 2594
Year Established : 2015
Trading Hours : 10am - 10pm
Turnover : R 961 969
Expenses : R 511 969
Net Profit : R 450 000
Asset Value : R 2 500 000
Stock Value : R 1 500 000

A lucrative restaurant, bar and bottle store for sale in Eastern Johannesburg. The owner started the business in 2015 based on his 40+ years’ experience in the industry and he has grown it into a profitable portfolio of businesses that operate from a shopping complex that he owns.

The bar and restaurant generates an average R300k monthly net profit from alcohol sales and R100k net profit from food sales, the bottlestore generates an average net profit of R50k per month. The asking price is R9 000 000 for the business, with an average combined net profit of R450 000 per month.

The property is also available, valued at R17m with a R175k monthly income (from 9 long-term tenants). The business offers excellent returns and great potential to franchise. The owner has another business in Thailand and will be emigrating once the sale is finalized but will remain available to consult with and advise the new owners.

Mfundo Nhlabati – Broker Head Office