Bar & Grill

Gauteng

R 3 450 000

Financial Information

Net Asset Value R 39,387
Inventory Value R 0
Property Value R 0
(Annual) Operating Profit R 160,000
(Annual) Turnover R 248,997
Seller Handover

Well-established Bar and Grill for sale in a busy centre

A well-established Bar and Grill for sale in a busy centre with good anchor tenants. Inside seats 130 people with additional seating for 50 people on the patio, there are 7 TV’s for sports and there is a pool table as well as other game machines. The current owners focus on customer service and quality. They have a great food menu from starters, toasted sandwiches, salads, burgers and light lunches to full grills. They serve the full range of popular beers and spirits as well as cocktails and shooters. The average monthly profit was averaged at R 160 000 throughout 2016, with full audited financial statements, management accounts and a detailed asset register available on request. The business is for sale at R 3,450,000.00 which provides for a 50% return on investment and payback period within 2 years. There are a number of opportunities to grow the business further: currently they do not open on Sundays, where the new owners could open for Sunday lunch to serve a large community of higher LSM families in the area. There are also small office complexes in the nearby area that could be targeted for lunch time deliveries. Although there is live music on Friday and Saturday evenings, additional entertainment could be offered on Wednesday and Thursday nights.