086 1222 021

info@scsgroup.co.za

Price Range: From To

Cape Town Legendary Bar For Sale

R850,000

Business Description

After engineering a stunning revamp which saw excellent growth in turnover, the owners, unfortunately, decided they are not compatible.
A new owner can build on the current performance, perhaps by extending
trading hours, increasing the specials or improving efficiencies.
Possibility of an investment option is also there.

Business Details

  • Property ID: GRS049
  • Price: R850,000
  • Turnover: R1.4mil
  • Actual Profit/Year: R12k
  • Turnover range: R1mil-R2mil
  • Profit range: R10k-R20k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Tension amongst the owners
  • Business history: 16 in total, almost one with current owners
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: 136sqm
  • Rent & lease terms: R54 000 per month / 4 years left, 5 year renewal option
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: R300 000
  • Stock included in sale: Yes
  • Value of stock: R35 000
  • GENERAL COMPANY INFO:

  • Employees: 8
  • Trading hours: 11.30am to 2am
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Cape Town CBD
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Glenn Sullivan
    0825708000
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