Property description

An exceptional opportunity to acquire a fully operational, beautifully established restaurant business in the heart of prime Illovo. Offering an impressive existing setup, strong turnover and multiple revenue opportunities, this is the ideal acquisition for an experienced restaurateur, hospitality operator or investor looking to step into a running business from day one.

Sold as seen and advertised - simply take over and continue trading.

The restaurant boasts a striking, upmarket interior with stylish finishes, beautiful lighting, a sophisticated bar and entertainment area, spacious dining sections and an attractive outdoor seating area. The venue has been designed to create a memorable atmosphere while accommodating approximately 200 seated guests.

Its size, layout and premium setting make it far more than just a restaurant. The property is perfectly suited to hosting weddings, corporate functions, engagement celebrations, birthday parties, private events, launches, year-end functions and other special occasions, creating excellent potential for additional event-based revenue.

BUSINESS HIGHLIGHTS

• Prime Illovo location
• Established and currently operating business
• Turnover of R400,000+
• Net income approximately R60,000 - R70,000
• Monthly rental: R100,000
• Seating capacity for approximately 200 guests
• 10 full-time staff members
• 5 part-time staff members
• Fully air-conditioned
• Beautifully designed and furnished restaurant
• Dedicated bar and entertainment areas
• Indoor and outdoor seating
• Excellent venue for weddings and private functions
• Corporate and business event potential
• Engagements, birthdays, celebrations and private parties
• Established commercial kitchen
• All kitchen equipment included in the sale
• Furniture, fittings and existing setup sold as seen and advertised
• Full inventory/list of included equipment available on request

One of the major advantages of this opportunity is that the hard work of establishing the venue has already been done. The restaurant is fitted, furnished, staffed and operational, allowing the incoming purchaser to avoid the considerable time and capital normally required to build a hospitality venue of this scale from scratch.

With a R400,000+ turnover, established operations and the ability to accommodate approximately 200 guests, there is also significant scope for an energetic new owner to further expand the business through aggressive marketing, corporate bookings, wedding packages, private venue hire, functions, catering and special events.

The combination of a prime Illovo position, substantial seating capacity, impressive décor and turnkey operational setup makes this a rare hospitality investment opportunity.

SOLD AS A GOING CONCERN

The business is being sold with its existing setup and kitchen equipment, allowing the purchaser to take over an established operation rather than starting from an empty premises.

Serious buyers and investors are invited to enquire for further financial information, the complete equipment inventory and to arrange a private viewing.

A premium venue. An established operation. A business ready for its next owner.