Business for Sale

Restuarant Portugese Cuisine for Sale

business for sale Trendy but casual portugese restuarant, with a family centred ambience, established by current owner in 2003 in a great neighbourhood. Frequented by regulars from opening of restuarant and by new patrons who enjoy the authentic portugese-grilled chicken, sea food and espetatas. Open plan kitchen. All fittings, equipment, furniture, appliances in excellent working condition, having been serviced recently. Open Tuesday to Sunday for lunch and dinner. A pro-active, energetic operator will secure restuarant maintains great food and happy patrons.

Business Details

REF AB86
Asked Price R 800,000
Location Johannesburg | Gauteng | East Rand
Business Type Restaurant
Reason for SellingOwner pursuing other interests
Year Established2003
Number of Employees 14
Monthly TurnoverR 320,000
Monthly Net Profit R 30,000
Monthly Payroll Expense R 120,000
Movable Assets Value R 500,000
Stock Value R 30,000
Owner Oporated Business No
This is a Frenchise BusinessNo
Property Included in The Sale No
Seller Will Assist / Train buyerNo
Business is ProfitableNo
Size 250 M2
Lease Term 3 Years
Monthly Rental R 35,000
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Business Partners South Africa
The Franchise Association South Africa
National Employment Fund
Industrial Development Corporation