Business for Sale

Loung Bar Trendy Easy Run for Sale

business for sale Outstanding business is situated in the hub of South Africa most recognized business and residential suburb. With a high income residential and corporate population, many interest and other attractions nearby that drive constant traffic to the area. Situated in a small premises and fully manager run, The venue and bar are ideally situated in the centre of Sandton, business entrance on the ground floor, second floor and outside attractive patio also part of the business. Car parking is attached directly to the centre. The New Market Bar is laid out in a modern stylish manner and is tastefully decorated and furnished. The venue has an attractive timber floor, and furnishings include couches, bar tables and intimate seating areas. The venue is serviced by a quality bar counter with a good service area. Get you money back in two years, law in stock and highly profitable business All financial are available and shall be shared with a financially qualified purchaser/s.

Business Details

REF AB21
Asked Price R 5,000,000
Location Johannesburg | Gauteng | Sandton
Business Type Restaurant
Reason for SellingOwner changing indastry
Year Established2008
Number of Employees 12
Monthly TurnoverR 750,000
Monthly Net Profit R 240,000
Monthly Payroll Expense R 260,000
Movable Assets Value R 500,000
Stock Value R 200,000
Owner Oporated Business Yes
This is a Frenchise BusinessYes
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 200 M2
Lease Term 3 Years
Monthly Rental R 60,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation