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Restaurants For Sale in Durban Central Kwazulu Natal

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Portuguese Restaurant For Sale

Location:Durban Central, KwaZulu Natal

Category:Restaurant

Asking Price:R650,000

650000

  • Sales revenue : Undisclosed
  • Net profit : R34,000
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : R65,000
  • Portuguese Restaurant For Sale

Business description

This Portuguese Restaurant was established 4 years ago by the current owner. There is seating for 65 patrons and it currently operates six days a week from Monday to Saturday. The restaurant is situated in a well known arcade in central Durban and there are three years left on the current lease.

The restaurant boasts a lovely Portuguese menu that has been enlarged to cater for the large growing vegetarian market. The very capable staff are all registered and work from 7am to 6pm, five days a week. The store is being set up to become part of a successful franchise.

All licences are in place and are current plus the shop is sold lien free. A computer program is in place to monitor the shops turnover and the monthly records are available. There is also a camera system linked to the owners cell phone.

Monthly turnover for this outlet is approximately R120,000.00. The restaurants current stock on hand is valued at R65,000.00. Financial figures are available on request.

The owner is happy to stay on for a mutually agreed length of time to assist in a seamless handover. Facilities are too many to mention and a visit is recommended.

Other Information

  • Is Business Home Based?: No
  • Employees: 6
  • Trading Hours: 7am to 6pm
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