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Popular Nightclub and Entertainment venue, with full restaurant facilities Cape Town For Sale

R2,500,000

Business Description

This Nightclub and Entertainment Venue, with full restaurant facilities, is the perfect destination for a night out in.

Scope to develop restaurant side of the business , both on the food variety and additional seating side.
VIP and Cigar Lounge upstairs could also be developed further to add to the existing atmosphere.
Great Business, Fantastic location and fair price.

Business Details

  • Property ID: AKAS005
  • Price: R2,500,000
  • Turnover: R5mil
  • Actual Profit/Year: R600k
  • Turnover range: R5mil - R7mil
  • Profit range: R500k - R800k

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: The owner wishes to pursue other business interests
  • Business history: 4 Years at current location with current owner
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: The venue stretches over 3 floors and has the longest balcony in Town
  • Rent & lease terms: R134k per month. The owner just renewed the lease for another 3 years and there is the option to extend further thereafter
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: TBC
  • Stock included in sale: No
  • Value of stock: +/- R100 000
  • GENERAL COMPANY INFO:

  • Employees: Willing to stay on
  • Trading hours: Monday, Tuesday, Thursdays and Sundays 9 till late. Wednesdays, Fridays and Saturdays 12 till late
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Cape Town CBD
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Anton and Annie
    0797367912
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