Price Range: From To

Pub & Entertainment Venue For Sale

R2,500,000

Business Description

Well known popular pub & entertainment venue in Cape Towns Southern Suburbs. This is also one of SAB’s top draught beer outlets. The establishment caters for up to 130 people with a bar, beer garden, kitchen and 80 seat entertainment venue. Upstairs facilities include space for a backpackers, offices and/or lounge with balcony, which is presently not utilised and represented a growth opportunity. An agreement with sponsors to develop and sponsor this area is in place.

 

Business Details

  • Property ID: PER121
  • Price: R2,500,000
  • Turnover: R4.6mil
  • Actual Profit/Year: R1.2mil
  • Turnover range: R4mil-R5mil
  • Profit range: R1mil-R2mil

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Owners are pursuing other interests
  • Business history: 20 years (8 years with the present owner)
  • Expansion potential: Yes
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: Pub - 24 seats, Beer Garden - 32 seats, Entertainment Venue - 80 seats Backpackers Accommodation - 30 beds including a kitchen & balcony
  • Rent & lease terms: R55 768 / 2 years renewable lease
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: Asset List Available
  • Stock included in sale: No
  • Value of stock: R100 000
  • GENERAL COMPANY INFO:

  • Employees: 15 staff members
  • Trading hours: Mon-Wed: 16h00 - 02h00; Thurs-Sun: 12h00 - 02h00
  • Support & training: Full Support and Training
  • Business Address

    • City: Cape Town
    • Neighborhood: Southern Suburbs
    • Country: South Africa
    CONTACT BUSINESS AGENT
    Phillip Rutherford
    0824941913
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