Business for Sale

Restaurant with Great Potential for Sale

business for sale This fine restaurant has been in business for over 7 years, it has been very successful in both providing a fine dining experience as wells as catering for events. The classy atmosphere, Light and bright colors and comfortable seating add to your dining pleasure, this business for sale has lots of potential and room for development, an operator can take big advantage and turn this store to much more lucrative business.

Business Details

REF AB36
Asked Price R 3,000,000
Location Durban | KwaZulu-Natal | Umhlanga’
Business Type Restaurant
Reason for SellingOwner has other investments
Year Established2006
Number of Employees 25
Monthly TurnoverR 580,000
Monthly Net Profit R 80,000
Monthly Payroll Expense R 310,000
Movable Assets Value R 700,000
Stock Value R 60,000
Owner Oporated Business Yes
This is a Frenchise BusinessYes
Property Included in The Sale No
Seller Will Assist / Train buyerYes
Business is ProfitableYes
Size 400000 M2
Lease Term 3 Years
Monthly Rental R 70,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation