Established And Profitable Portuguese Restaurant For Sale

Description

EXCEPTIONAL OPPORTUNITY TO OWN A PROFITABLE AND POPULAR PORTUGUESE RESTAURANTThe business has been operating successfully for over 12 years and offers seating capacity for more than 150 guests, making it suitable for families, functions, and group bookings. It is well known for quality Portuguese cuisine served at affordable prices, supported by a strong reputation and a loyal customer base.Monthly turnover: R620 000Monthly net profit: R151 000Asking price: R2 400 000ROI: 67%Estimated payback period: 18.5 monthsReason for sale: The current owner, aged 78, is retiring.Further information will only be provided upon signing of a non-disclosure agreement and proof of funds.