"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This restaurant has been in operation for the last 17 years setup by the landlord.
The landlord has no desire to run the restaurant and is offering the fully established restaurant to an experienced restauranteur or foodie to walk in and start trading!
This is a unique opportunity to run and operate a fully established restaurant with little or no capital investment.
What's needed:
- Good restaurant knowledge and experience
- Proof of concept
- Rental deposit.
- The landlord is willing to meet the tenant halfway should there be cosmetic adjustments made to the existing restaurant layout.
How long has the business been established?
17 years
How long has the owner had the business?
Since inception.
How does the business operate on a daily basis?
The restaurant is perfectly situated in the heart of Sandton with secure parking just off Rivonia road.
The restaurant opens for breakfast and trades to early evening - however, the landlord is open to new restaurant concepts and fresh ideas.
How are the clients attracted to the business?
The restaurant is well known in the area and is located on busy road.
Are there up-to-date Management Accounts available?
There is no trading or financial history on the business. This opportunity is open to a restauranteur who can walk into a fully established restaurant and start trading.
What Balance Sheet and Income Statements are available?
Typical fixed costs:
Rental 32 000,00
Security 6 100,00
Rates 3 800,00
Generator fixed cost 550,00
Electricity 20 000,00
Water 2 000,00
Total 64 450,00
What is the total staff complement?
The new tenant will need to provide their own staff compliment.
When does the current lease end?
Landlord is willing to offer a 5-year lease option.
Is there an option of renewal & what period?
Yes, 3 to 5year renewal period.
What is the annual escalation %?
6%
What are the trading hours?
To be discussed with the landlord.
What lease deposit and/or other surety is required?
Yes, 2 months exit rental.
What is the reason for the sale?
The landlord is offering a fully established restaurant to an experienced restauranteur looking to operate and trade a beautiful restaurant with little or no capital investment needed.
Why is this a good business?
Opportunities like this don't often cross our desk - start trading a fully established restaurant with little or no capital contribution.
No royalty fees payable just fixed costs will need to be covered on a monthly basis and the rest is profit!!
Annual Turnover Amount between R 500 thousand and R 6 million
