Excellent buy- Profitable restaurant for sale in Gauteng- Vaal Triangle

Excellent buy: Profitable restaurant for sale in Gauteng- Vaal Triangle.

Introduction:

• This business is situated in one of the more picturesque towns in the Vaal Triangle.
• It was established in 2020 but through the Covid period has grown into one of the most well known restaurants in the Vaal and is open 7 days a week.
• The owners are well known in the business circles of the Vaal and is renowned for being excellent entrepreneurs coming from a successful entrepreneurial family.
• The only reason for selling is that the family business is expanding to the USA and the owners cannot manage businesses in SA/Vaal and in the USA.
• The staff is fully trained and will stay on to ensure the smooth continuation of the business.
• The staff complement is as follows: – 6 Kitchen staff including chefs and 8 front house staff including managers.
• The possibility to expand the business is endless and the owners had some very creative ideas in this regard but due to the changing of their plans couldn’t implement same.

Financials:

• Annual turnover R5,1 million
• Gross Profit- 60% – R3 million
• Cost of sales- 40% – R2 million
• Annual NP (EBITDA)- R972651
• Asset Value- R 947 790

Selling Price:

• R 1,8 million neg- this gives a buyer a ROI of 54%.