Prime Upmarket Restaurant In Bedfordview For Sale

Description

Business type: upmarket restaurant

Location: Bedfordview

Current status: established operating business

Financial information

Asking price: R2,750,000

Price status: reduced

Annual turnover: approximately R13,000,000

Annual net profit: approximately R1,400,000+

Estimated payback period: 24 months

Customers and market

Loyal customer base: established

High-end customer segment: established

Brand recognition: established

Operations

Management team: in place

Trained staff: in place

Day-to-day operating structure: established

Functions and events

Dedicated events area: available

Private function space: separate

Function revenue stream: established

Premises

Rental level: stated as low relative to turnover

Interior design: professionally completed

Décor and art collection value: more than R500,000

Recognition

Best restaurant award in its category: received

Award period: 3 consecutive years

Training and handover

Training: provided

Management handover: included