Prime Upmarket Restaurant In Bedfordview For Sale

Description

PRIME UPMARKET RESTAURANT IN BEDFORDVIEW FOR SALEPRICE: R2,750,000 (price reduced)TURNOVER: R13,000,000 per annumAVERAGE NET PROFIT: R1,4 million per annum+ROI: 24 monthsDESCRIPTION:This is a well-known and established upmarket restaurant located in Bedfordview. The venue has been designed by top designers, with no expense spared in creating a premium dining environment. It attracts a large and loyal high-end customer base and benefits from strong brand recognition within its category.The business is supported by strong management and a well-trained staff complement, ensuring efficient day-to-day operations.The restaurant includes a dedicated function and events area, as well as a separate private function space, allowing for multiple revenue streams. It has also been voted best restaurant in its category for three consecutive years.The rental is competitively low relative to turnover, contributing positively to profitability. The décor and art collection within the premises is valued at over R500,000, further enhancing the premium positioning of the venue.TRAINING:Full training is provided, including a structured management handover.