Situated in the lively hub of one of Johannesburg’s busiest streets, this cozy dining spot and lounge has made significant waves since its establishment. Not only does it promise a good experience to its young guests, but it also presents an unparalleled business opportunity with a good return on investment, this thriving lounge & bar is ready for a new captain to steer its continued success to fast wealth.
Business Overview:
- Quick Success Story: Despite being a relatively new player, established early 2024, this business has experience rapid growth and its popularity speaks volumes about quality and business acumen.
- Stellar Revenue Stream: With a staggering monthly turnover of R 420,000 and an average net profit of R 45,000, this business has proven to be a profitable venture within a short span.
- Team of Experts: Boasting a small staff of 8 skilled employees, to ensures top-tier service, culinary expertise, and operational efficiency at all times.
- Smooth Transition Assured: The seller has solid evidence of the business financial records, promising to guide and train the new owner for a seamless transition.
Business Specifics:
- Ample Space: 140 m² establishment ensures a comfortable experience for patrons and efficient operations.
- Secure Lease Terms: A 5-year lease term and a monthly rental of R 17,000 offer stability and clarity, ensuring the new owner can focus on growth and innovation.
Manager Operated and Profitable:
- Personal Oversight: The business success can be attributed to the owner minimum operational involvement-model, guaranteeing for the new owner quality and sufficient time control.
- Robust Profitability: A consistent monthly net profit of R 45,000 makes this business not just a gastronomic but also a financial delight.
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For those aspiring to make their mark in this type of business, this business promises not just a rich culinary journey but also a robust financial future. It’s an opportunity to continue a legacy of excellence, with ample room for personal innovation and growth.
