Prime Well-Known Upmarket Profitable Restaurant In Northern Suburbs For Sale

Description

Business type: upmarket restaurant

Location: Northern Suburbs

Current status: established operating business

Profitability: reported as profitable

Financial information

Asking price: R12,000,000

Price status: reduced

Annual turnover: R40,000,000

Average annual net profit: R5,500,000+

Stated return period: less than 24 months

Customers

Affluent customer base: established

Repeat customers: established

High-profile clientele: existing

Local celebrity clientele: existing

Operations

Experienced management: in place

Trained staff: in place

Day-to-day operating structure: established

Premises and interior

Location: prime

Interior design: professionally completed

Premium fit-out: in place

Dining environment: established

Market position

Brand recognition: established

Local market presence: established

Restaurant reputation: established

Training and handover

Training: provided

Management handover: included

Potential buyers

• Hospitality investors
• Experienced restaurant operators
• Owner-operators