Upmarket Portuguese Restaurant for Sale
(ID# 822)
(Seller Ref# CJP2018)
Financials
| Asking Price: |
R3,500,000 |
| Sales Revenue: |
Undisclosed |
| Net Profit: |
R720,000 |
Furniture, Fixtures
& Equipment: |
R5,500,000
(included in asking price) |
|
|
Business Summary
|
Well established Portuguese restaurant for sale in this upmarket suburb of Pretoria. The asking price is way below the original setup cost of the business - no costs were spared and only the best of fittings and equipment were utilized.The owner has several other business interests which demand his full attention and he is unable to dedicate time to this business. A more 'hands on' owner manager ownership will ensure this business reaches it's full potential.
|
General Information
| Year Established: |
Approx 2.5 |
| Franchise Terms: |
No franchise fees |
Property/Location
| Real Estate: |
Lease |
| Location: |
The business is located in a trendy very upmarket shopping / office complex with excellent visibility. |
| Lease Terms: |
Lease to suit buyers requirements |
Other Information
| Training Support: |
Seller will provide training - management structure in place. |
| Market Outlook: |
With a hands on approach, the new owner will be able to turn this business into a money spinner. The business is presently showing little profit as the owner needs to employ additional management staff to fill his 'shoes'. A hands on owner will be an asset to the growth of this business. |
| Reason Selling: |
Owner has numerous other business interests - unable to focus on all - downsizing portfolio. |
