Established restaurant and busy takeaway in the bustling “diner’s strip” of Benoni.

This well-known, vibey, cosy, traditional Portuguese restaurant is a unique take-over, hit-the-ground-running opportunity, with 2 profitable businesses under 1 roof. The restaurant and takeaway each bringing in their own cash flow and attracting different markets.

Features:

  • Situated on Russel Street in Benoni, a hub of dining activity
  • 150 seater at full capacity – 100 seats outside (50% covered), 50 seats inside
  • Al fresco dining
  • Live music festivals
  • No franchise fees
  • Independently owned
  • Liquor License
  • Good supplier relations
  • Strong, loyal client base
  • VERY strong Facebook / social media following
  • Point of Sale (POS)
  • Takeaways not yet linked with Mr D – potential for growth and an increase in turnover
  • Takeaway business has potential for franchising – fish & chips franchises are in demand
  • Potential for a carwash to be opened on site – guaranteed cash flow

In detail –

Established business for: 23 years (Business Est. 1997, at current address for 18months)

Employees: 4 permanent staff members and owner hands on full-time

Annual Wages: R300 000 (R25 000/month)

Trading hours: Tuesday – Saturday: 10:00 – late, Sunday 10:00 – 16:00

Annual Revenue/Turnover: R3 600 000

Nett Annual Profit: R720 000 (R60 000/month) (Includes owner’s takings)

Owner’s Takings:  ~R60 000/month

Asset Value: R200 000 (included in Sale Price), asset list available on request.

Current Stock Value: TBC at time of OTP (included in Sale Price)

Lease Agreement: Buyer to sign new lease agreement. Lease is renewable.

Rental: R15 000 per month (Deposit required – 1 month)

Utilities/Rates: Gas (~R2 500/month) Electricity & Water (~R12 000/month)

Reason for Selling: Owner’s Emigrating

Asking Price – R800 000

For more info call Bradley on 083 616 0673 or email bradley@biz2sell.co.za

Property Features

  • Liquor License